Georgia’s Insurance Commissioner says Allstate is taking advantage of a loophole in Georgia law to dramatically raise auto insurance rates for customers.
“We think it’s outrageous, but they are using a loophole in current state law,” State Insurance Commissioner John King told WSB on Wednesday.
Allstate is using something called “file and use” to increase Georgia auto insurance rates by 25% in September. That’s on top of the 14% increase already approved by regulators earlier this year.
“There’s clearly a loophole, and this is the only company that’s used this. I mean, most companies we work with understand we are in incredibly economic trying times, and they work with us,” King said.
>>READ MORE here from 95.5 WSB’s report on John King’s comments.
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