Latest Allstate Headlines
All the headlines from our Allstate Topic Page, ordered by recency.
Allstate’s Profit Drops 77% in 1Q
Apr 24 2008 // Allstate Corp. said Wednesday that first-quarter net income dropped 77 percent, hurt by write-downs in its investments and larger-than-expected catastrophe losses. The insurer said it had to write down the value of...
Court Mistake Keeps Allstate in Business in Florida
Apr 23 2008 // Allstate’s 1,100 insurance agents in Florida are still in business, thanks to a mistake Monday by a Florida appeals court. Less than an hour after issuing an order denying Allstate’s appeal of a state-ordered...
Consumer Advocates Criticize Allstate’s Claims Practices
Apr 21 2008 // A California consumer advocate group is criticizing Allstate for allegedly “systematically underpaying claims to policyholders, or forcing them into protracted court battles to secure a fair...
Jury Denies Property Insurance Claim
Apr 16 2008 // After deliberating for three hours, a jury in California has denied an insurance claim because the property damaged was exaggerated, according to the law firm MacGregor & Berthel. Reddy v. Allstate Insurance Co....
Court Moves up Allstate Deadline for Meeting Florida’s Terms
Apr 10 2008 // Allstate’s companies doing business in Florida will have to stop writing new policies after April 14 if the insurance giant fails to apply for a rehearing by then, state officials said Tuesday. Allstate spokesman...
Florida Reviewing Allstate’s Document Release
Apr 9 2008 // Allstate has put about 150,000 pages of documents related to its pricing policy on its Web site, but it didn’t appear Monday to satisfy the state, which has suspended the insurance giant’s right to do new...
People
Apr 7 2008 // The Governing Board of the California Earthquake Authority has hired Glenn A. Pomeroy as CEO. Pomeroy has extensive experience in public service positions, including former commissioner of insurance of North Dakota. In...
Court Says Policy Excluded Mississippi Official’s Leak To Media
Apr 7 2008 // A federal appeals court has found that business exclusions in Allstate Insurance Co.s policies held by former Mississippi Bureau of Narcotics director Frank Melton meant the insurer was not bound to provide coverage for,...
People
Apr 7 2008 // Patrick G. Ryan, founder and executive chairman of the largest insurance intermediary, Aon Corp., said he intends to retire from Aon effective Aug. 1, 2008. “After 41 years as CEO and three years as executive...
Louisiana AG’s Suit Against Insurers Over Katrina Stays in U.S. Court
Apr 4 2008 // Policyholders may not be entitled to recover any money from a sweeping antitrust lawsuit that former Attorney General Charles Foti filed against some of the nation’s largest insurers after Hurricane Katrina, a...
Florida Court Rules Allstate Suspension Back in Effect
Apr 4 2008 // The First District Court of Appeals of Florida ruled today that a suspension of Allstate Insurance Company’s certificates of authority to transact new insurance business in Florida is back in effect. Today’s...
Appeals Court: Insurance Policy Excluded Mississippi Official’s Actions
Mar 31 2008 // A federal appeals court has found that business exclusions in Allstate Insurance Company’s policies held by former Mississippi Bureau of Narcotics director Frank Melton meant the insurer was not bound to provide...
Florida’s Allstate Workplace Division Names Watkins
Mar 24 2008 // Florida-based Allstate Workplace Division, a subsidiary of The Allstate Corp., appointed W. Wayne Watkins, RHU as executive vice president, Sales and Distribution. In his new role, Watkins will oversee all the sales...
Allstate Lowering Auto Rates in California
Mar 19 2008 // California Insurance Commissioner Steve Poizner announced a 15.9 percent decrease in auto insurance rates for customers of Allstate Insurance Co. and Allstate Indemnity Co. This $244 million reduction culminates months of...
Supreme Court Rejects Allstate Challenge to Texas Repair Shop Law
Mar 10 2008 // The U.S. Supreme Court in late February 2008 rejected Allstate Corp.’s challenge to a Texas law that restricts insurance company ownership of auto collision repair shops. Allstate sought review of its case at the...
Allstate Settles La. Home Policy Cancellation Disputes
Feb 22 2008 // Allstate Corp. will restore insurance coverage for hundreds of customers and pay $250,000 to resolve disputes over cancellation of south Louisiana homeowner policies after Hurricane Katrina, the company said this week. The...
Supreme Court Rejects Allstate Challenge to Texas Repair Shop Law
Feb 21 2008 // The U.S. Supreme Court this week rejected Allstate Corp.’s challenge to a Texas law that restricts insurance company ownership of auto collision repair shops. Allstate sought review of its case at the high court,...
Fla. Insurance Regulator Files Complaint to Suspend Allstate Licenses
Feb 19 2008 // Florida Insurance Commissioner Kevin McCarty today announced that the Office of Insurance Regulation has filed an administrative complaint on a non-emergency basis seeking to suspend the certificates of authority of the...
Fla. Sen. Committee Wants Allstate’s Internal Documents
Feb 18 2008 // A special Senate committee asked Allstate Insurance company executives to provide them more documents within two weeks in a letter mailed last week to the insurance giant’s chairman. Sen. Steven Geller, a Cooper City...
Maryland Can’t Stop Allstate Plan to Refuse New Coastal Business
Feb 11 2008 // Maryland Insurance Commissioner Ralph S. Tyler today accepted Allstate Insurance Co.’s decision to refuse new homeowners’ policies in coastal areas. Tyler said his agency’s hands were effectively tied...
