Latest Allstate Headlines
All the headlines from our Allstate Topic Page, ordered by recency.
Ratings Recap: Mercury; Willow Re (Allstate); Penn Treaty
Jun 15 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A+” (Superior) and issuer credit ratings (ICR) of “aa-” of Los Angeles-based Mercury Casualty Group and its members. Best also...
People and Places
Jun 4 2007 // Chicago-based Aon Corp. reported that David P. Bolger, executive vice president, chief financial officer and chief administrative officer, will leave the company after the appointment of his successor. Bolger will remain...
Calif. Commissioner could seek Allstate refunds
Jun 4 2007 // California Insurance Commissioner Steve Poizner announced that he will seek refunds for Allstate customers if the Department of Insurance determines that the company’s rates are excessive. In May, the insurer...
Calif. Commissioner could seek Allstate refunds
Jun 4 2007 // California Insurance Commissioner Steve Poizner announced that he will seek refunds for Allstate customers if the Department of Insurance determines that the company’s rates are excessive. In May, the insurer...
Ill. Encompass Insurance Names Laura Dunne Financial Team Leader
May 23 2007 // Laura Dunne was appointed to lead the finance and strategy team of Encompass Insurance Co., Northbrook, Ill., the company recently announced. Encompass is the independent insurance agency division of the Allstate...
Allstate to stop writing homeowners in Calif.
May 21 2007 // Allstate has announced that as of July 1, 2007, it will stop offering new homeowners and landlord package polices (LPP) in California. The announcement does not affect existing property insurance customers in...
U.S. Grand Jury Subpoenas Allstate, Nationwide over Katrina Claims
May 21 2007 // Allstate Corp. and Nationwide Mutual Insurance Co. have been subpoenaed by a federal grand jury investigating the insurance industry’s handling of Hurricane Katrina claims in Mississippi, the companies...
Insurers Try to Prevent Losses in Wildfire Hotspots
May 21 2007 // Spooked by devastating wildfire seasons, the nation’s top insurers are inspecting homes in high-risk areas throughout the West and threatening to cancel coverage if owners don’t clear brush or take other...
Allstate to stop writing homeowners in Calif.
May 21 2007 // Allstate has announced that as of July 1, 2007, it will stop offering new homeowners and landlord package polices (LPP) in California. The announcement does not affect existing property insurance customers in...
Allstate CEO: Shift to Less Risky Business Will Take Years to Do
May 17 2007 // Allstate Corp. CEO Thomas Wilson said at the insurer’s annual meeting this week that the company’s shift away from catastrophe-prone areas and into products other than homeowners insurance will take years to...
Allstate To Cease Issuing New Homeowners Policies in Calif.
May 11 2007 // Allstate has announced that as of July 1, 2007, it will stop offering new homeowners and landlord package polices (LPP) in California. The announcement does not affect its existing property insurance customers in...
Allstate wins 29% statewide rate hike in Miss.; resumes coastal writings excluding wind coverage
May 7 2007 // Mississippi insurance regulators have approved a statewide rate increase of 29 percent for Allstate homeowner policyholders, the Northbrook, Ill.-based insurer reported. The company, in a written statement, attributed the...
Allstate Wins 29% Rate Hike in Miss.; Resumes Coastal Writings
Apr 20 2007 // Homeowners on Mississippi’s Gulf Coast face another insurance rate hike in Hurricane Katrina’s aftermath. Mississippi insurance regulators this week approved a statewide rate increase of 29 percent for Allstate...
Investments Boost Allstate 1Q Profit
Apr 20 2007 // Allstate Corp. said first-quarter profit rose 5 percent as investment gains offset a decline in revenue from property-liability insurance premiums. The insurer posted net income of $1.49 billion, or $2.39 per share,...
Allstate to Appeal $2.8M Verdict in N.O. Katrina Damage Case
Apr 17 2007 // Allstate Insurance Co. must pay a Louisiana man who lost his home to Hurricane Katrina more than $2.8 million in damages and penalties, a federal jury decided April 16 in a case that hinged largely on whether it was wind...
N.O. Jury may Consider Whether Katrina Claim was Misrepresented
Apr 16 2007 // Jurors may consider whether a Slidell couple misrepresented part of their claim, possibly voiding the whole homeowner policy, when they decide Louisiana’s second Hurricane Katrina insurance trial against Allstate...
Wind or Water? Victims Got Conflicting Info on What Caused Damage
Apr 13 2007 // A man who sued Allstate Insurance Co. after losing his home to Hurricane Katrina lashed out April 11 at the insurance industry’s position that damage from a hurricane’s storm surge is excluded from homeowner...
Engineer Testifies at Trial for La. Hurricane Suit Against Allstate
Apr 12 2007 // An engineer who testified at the trial for a Louisiana couple’s lawsuit against Allstate Insurance Co. said he wrote a report on the plaintiffs’ storm-damaged home without inspecting the property after...
Jury Selection Begins in La. Hurricane Lawsuit Against Allstate
Apr 10 2007 // After Hurricane Katrina demolished Robert and Merryl Weiss’ New Orleans-area home, they were paid hundred of thousands of dollars by their insurance company. But they say it isn’t enough. Jury selection began...
Business Moves
Apr 9 2007 // AXIS Capital, Aon Media/Pro AXIS Capital, a global specialty commercial property/casualty insurer and reinsurer, agreed to acquire the assets and operations of Media/Professional Insurance (Media/Pro), a managing general...
