Insurance Rate Hikes Likely Coming Your Way
Vicious Cycle: Saturday's Atlanta Journal-Constitution reported that four of the top insurers in the state of Georgia have requested rate hikes for the coming year, affecting nearly 40% of the state's consumers. State Farm, First Liberty, Cotton States, and Nationwide have filed increases that fall between 5 and 11 percent, modest by insurance company standards but huge for the rest of the financial world. Rates are also on the rise in Illinois, Texas, and Florida among others . Even with such increases, Georgia Insurance Commissioner John Oxendine said consumers are doing better than those in neighboring states, where he said premiums have been rising at double-digit rates. “We are by far the cheapest in the Southeast,” he said. That makes you folks in Georgia feel A LOT better, doesn't it? Allstate On The Mend: The Wall Street Journal says Allstate has learned some tough lessons over the past year and is ready to bounce back. When the WSJ has something good to sa...