Connecticut's top law enforcement official has reacted to Allstate's decision to hike homeowners premiums and avoid new business by announcing he is investigating them along with other insurers being probed for antitrust violations.
State Attorney General Richard Blumenthal promised the inquiry in a statement condemning the Northbrook, Ill.-based carrier's use of computer models.
His Friday statement came after Allstate said it plans to stop writing new homeowners insurance policies and increase premiums on existing policyholders. The insurer denied any wrongdoing.
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