The Allstate companies\’ rate filings included increases of 8% and 7.6%, respectively, to cover the cost of reinsurance-the insurance that companies buy to protect themselves. The company did not have reinsurance in Louisiana last year.
The past year they purchased 4 billion for 600 million with a 2 billion deductible.
As Allstate starts running off good business and starts going down, down, down……
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The Allstate companies\’ rate filings included increases of 8% and 7.6%, respectively, to cover the cost of reinsurance-the insurance that companies buy to protect themselves. The company did not have reinsurance in Louisiana last year.
The past year they purchased 4 billion for 600 million with a 2 billion deductible.
As Allstate starts running off good business and starts going down, down, down……