State Farm files for rate increase with insurance commissioner - MSNewsNow.com - Jackson, MS

State Farm files for rate increase with insurance commissioner

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Jackson, MS (AP)  State Farm is set to file a rate increase with Mississippi insurance commissioner, Mike Chaney, in the next few months.

A company spokesman says that details are still being worked out.

Last year, State Farm boosted rates by an average of 19.5% percent in Harrison, Hancock and Jackson counties.

But Chaney says he will not approve the hike or any other proposed rate hikes until at least a year after a company's last increase took effect.

He also says he will not approve any hikes during hurricane season, which runs June 1st through November 30th.

Chaney does plan to look over whatever State Farm requests to see if it is reasonable.

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