State Insurance Commissioner Mike Chaney has rejected Allstate Property and Casualty Insurance Co.'s request for a statewide rate hike of 44 percent.
Chaney said the company failed to justify its rate request and has filed requests for high increases since Katrina in 2005, possibly as a way to price itself out of the Mississippi market.
Allstate requested the rate hike in March, after Chaney had rejected the company's request for a 65 percent increase.
Allstate spokeswoman April Eaton said the company is "disappointed" by Chaney's decision.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.