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Allstate Raising Rates in Illinois

Last updated 6 years ago

For many years, Northbrook-based Allstate Insurance has been touting its "home town discount", claiming they were keeping rates low for Illinois.  While such things make for good publicity, the facts are far from the truth.  Crain's Chicago Business reports Allstate is raising rates 3-5% in Illinois.  Claims against insurance companies, such as personal injury or workers's compensation, generally have little to do with the decision to raise rates.  Usually, insurance companies raise rates due to investment losses in their portfolio or to increase shareholder dividends.  For a good look at Allstate, check-out "From Good Hands to Boxing Gloves."  The lawyers at McCready, Garcia & Leet handle personal injury and workers' comp cases against ALL insurance companies.  For a free consultation, call (773) 779-9885

 

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