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| | Allstate rate increases OK'd (Site not responding. Last check: 2007-10-16) |
 | | Allstate, Louisiana's second-largest homeowners insurance company with 202,032 policyholders, said it needed the increase because hurricane models call for another busy storm season, and because the cost of reinsurance, the extra insurance carried by insurance companies to help them pay on catastrophe claims, is rising. |
 | | Allstate's second book of business, written under the name Allstate Insurance Co., will see a statewide average increase of 1.4 percent and a reinsurance increase of 7.6 percent. |
 | | As with Allstate, Lafayette also plans to pass on a surcharge of 15 percent to its customers to bail out Louisiana Citizens Property Insurance Corp. Homeowners companies had to pay for the bonds to help Citizens meet its claims, and companies were allowed to levy surcharges of up to 20 percent on their customers. |
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