Allstate Corp. is asking to raise rates for 144,000 Louisiana homeowners who get their insurance coverage from two Allstate companies. According to the state insurance department, Northbrook, Ill.-based Allstate wants an average 11.3 percent increase for 71,000 homeowners covered by Allstate Insurance Co. The company is proposing an average 5.9 percent hike for 73,000 homeowners covered by Allstate Indemnity Co. Together, the requests total just under $17 million in higher rates.
Right on the heels of...
With dire warnings that New Orleans' aging drinking water, sewer and drainage systems face "serious risk" without significant infrastructure investments, Sewerage & Water Board officials today will begin trying to build public support for a plan that would more than double customer rates by 2016.
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