According to Georgia state insurance regulators, Allstate can raise Auto insurance rates for Georgia drivers in May because a state review of the planned increase won’t be done in time to stop the higher rates from taking effect.
Under legislation Georgia lawmakers approved in 2008, the company can raise rates without the state’s approval, The Atlanta Journal-Constitution reported.
“At this time, it does not appear that the results of the examination will be determined before the effective date,” State Insurance Commissioner Ralph Hudgens said in a statement. “If the filing is proven to be excessive, then I will do everything allowed by law to reverse Allstate's actions.”
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Rosalie Donlon
Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].
