Allstate Rate Hike

By: Capital News
By: Capital News

Florida's Chief Financial Officer Tom Gallagher calls Allstate's plans to raise homeowners’ rates in Florida “unconscionable.”

Allstate Floridian Insurance Company says it intends to raise rates by 28 percent, on average, effective immediately. The company also says it plans to file a rate request with state regulators in July.

State Sen. Rudy Garcia says the company is sidestepping recent legislation that calls for public hearings when rate filings are above 15 percent on average.

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