Allstate’s Planned Rate Hike has Been Thwarted
The greedy insurance companies just can’t seem to give it a rest. After reporting one of its most profitable years of the decade, Allstate announced plans this past June to increase its rates for Texas Homeowners by 6.9%. Thankfully, that rate increase was rejected by the Texas Department of Insurance. Then, just weeks later, Allstate volleyed back by announcing it’s intent to raise Texas Homeowner rates by 5.9%. — And they call them the “good hands people” . . . maybe for picking your pockets!
Thanks to public outcry from Texas citizens and pressure from Texas Watch activists, Insurance Commissioner Mike Geeslin recently rejected Allstate’s proposed 5.9% rate increase. The commissioner also ordered the company to submit any further rate changes to the Texas Department of Insurance before they could take effect. This is good news for Texans . . . but I’m sure the battle isn’t over. It doesn’t take a crystal ball to see a 4.9% proposed rate increase in Allstate’s near future. Help keep the pressure on by contacting Mike Geeslin and letting him know where you stand on this issue. The above link makes contacting Insurance Commissioner Mike Geeslin quick and easy, giving you a voice on this issue while taking only a few seconds of your time!
