Allstate Property & Casualty Insurance Company has filed for rate increase
for their Homeowners program in Oregon. The changes are effective August
3, 2009 for new and September 17, 2009 for renewal business. Their
overall indicated rate level need is an increase of 38.8% . The overall
impact of this filing is a 30.0% increase or $4,08,714 in annual premium.
Their last general rate change was a 0.0% and was effective August 1,
2005.Notable changes include:
• Revised Base rates
• Revised Rate Adjustment factor from 1.0 to 1.689
• Revised Territory relativities
• Revised Home and Auto discount from 15% to 35%
• Revised rate for Coverage C-Reduced Limit
• Revised Town Class factors
• Revised Amount of Insurance factors
• Revised Claim Rating and Claim discount factors
• Revised Age of Home factors
• Revised Roof factors
• Revised Deductible factors
www.coreykaster.com
for their Homeowners program in Oregon. The changes are effective August
3, 2009 for new and September 17, 2009 for renewal business. Their
overall indicated rate level need is an increase of 38.8% . The overall
impact of this filing is a 30.0% increase or $4,08,714 in annual premium.
Their last general rate change was a 0.0% and was effective August 1,
2005.Notable changes include:
• Revised Base rates
• Revised Rate Adjustment factor from 1.0 to 1.689
• Revised Territory relativities
• Revised Home and Auto discount from 15% to 35%
• Revised rate for Coverage C-Reduced Limit
• Revised Town Class factors
• Revised Amount of Insurance factors
• Revised Claim Rating and Claim discount factors
• Revised Age of Home factors
• Revised Roof factors
• Revised Deductible factors
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