October 9, 2008

State asked to investigate Allstate rate hikes

Freep.com
Michigan’s insurance consumer advocate is asking the state to hold hearings on Allstate Insurance Co.’s automotive insurance rate hike.

Melvin Butch Hollowell is asking insurance commissioner Ken Ross to look into reports published by Allstate that claimed Michigan’s drivers were among the safest in the country and had reduced accidents for several years in a row.

The insurance company said its reports were wrong after it filed its newest insurance rates with the state, which included hikes of 5% to 7%. Those rates went into effect July 28.

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