Consumer Watchdog Reports Allstate’s $16M Homeowners Rate Hike Approved Despite Company Quietly Ending Sales of New Home Insurance in California

LOS ANGELES, June 13, 2023 /PRNewswire/ — Insurance Commissioner Ricardo Lara yesterday approved a 4%, $16 million, rate hike on Allstate home insurance policyholders, despite the fact that the company misled regulators at the Department of Insurance about ceasing new homeowners…