Latest Allstate Headlines
All the headlines from our Allstate Topic Page, ordered by recency.
Allstate 4Q Profit Falls 37 Percent
Feb 10 2008 // Hit by an increase in catastrophe losses, Northbrook, Ill.-based insurer Allstate Corp. saw its profit drop by more than 37 percent in the fourth quarter of 2007 compared to the same period in 2006. The fourth quarter net...
Declarations
Feb 10 2008 // Florida Sweep “While I understand the current challenge to find resources in this year’s budget, I am concerned about the recommendation to sweep $129.5 million from the Workers’ Compensation...
Allstate Still Writing in Fla. But For How Long?
Feb 10 2008 // Allstate insurance companies can keep on writing new policies in Florida under an appeals court ruling that rejected the state’s attempt to stop them, but which also potentially sets up a quick resolution to the...
Fla. Lawmakers Schedule More Hearings on Property Insurance Rates
Feb 8 2008 // After two more days of grueling questions to Florida state regulators and insurance company executives, a special Senate panel wrapped up its business Tuesday as confused as when it began. In fact, the Select Committee on...
Allstate Defends Property Insurance Rate Proposal to Lawmakers
Feb 6 2008 // Warming oceans, and the possibility they may bring more hurricanes, have to be considered when setting property insurance rates, Allstate officials told lawmakers Monday, defending themselves against allegations they are...
Allstate Cites Potential Fla. Insolvency at Senate Hearing into Rates
Feb 5 2008 // Referring to what he felt were Allstate Insurance executives’ evasive answers to questions posed by Florida senators on Monday, Sen. Bill Posey, R-Rockledge, said he hadn’t seen so much bobbing and weaving...
Court: Allstate Can Still Write Policies in Florida, for Now
Feb 4 2008 // Allstate insurance companies can keep on writing new policies in Florida under an appeals court ruling that rejected the state’s attempt to stop them, but which also potentially sets up a quick resolution to the...
Fla. Court to Expedite Allstate Appeal, Insurance Commissioner Encouraged
Jan 31 2008 // The Florida First District Court of Appeals has expedited Allstate Insurance Co.’s appeal of Insurance Commissioner Kevin McCarty’s Jan. 17 final immediate order suspending the companies’ licenses to...
Allstate 4Q Profit Falls 37% as Calif. Wildfire Losses Top $300M
Jan 31 2008 // Hit by an increase in catastrophe losses, Northbrook, Ill.-based insurer Allstate Corp. saw its profit drop by more than 37 percent in the fourth quarter of 2007 compared to the same period in 2006. The fourth quarter net...
Allstate Gets More Time in Wind-and-Hail Fight in La.
Jan 30 2008 // Allstate has been granted more time by Louisiana officials to gather data about the number of homeowners whose wind and hail coverage was dropped on technicalities. Warren Byrd, the state insurance department’s...
Declarations
Jan 27 2008 // Severe Impact “There’s a lot of scrap metal in the trees and fence lines, a lot of insulation, lumber. … The path of the tornado was several miles long and impacted a number of different areas where there...
Executives See Only Moderate Growth for P/C Industry in 2008
Jan 27 2008 // Property casualty insurance insiders predicted 2008 will be a year of marginal growth as continued pricing competition will keep premiums low and profits lower — although that could quickly worsen if a natural...
Fla. Regulator: Allstate Compliance Still in Question
Jan 25 2008 // Allstate Insurance Co., in an ongoing exchange with the Florida Office of Insurance Regulation, submitted between 12,000 and 13,000 pages of documents Wednesday, according to a company spokesman. Allstate’s Adam...
Fla. Insurance Regulator Files to Reinstate Allstate Suspension
Jan 24 2008 // The Florida Office of Insurance Regulation filed its response with the First District Court of Appeal seeking to have a suspension of the Allstate Companies’ certificates of authority reinstated. The 12-page response...
Allstate Back in Business, Fla. Court of Appeals Grants Stay
Jan 18 2008 // Allstate and Allstate Floridian are pleased with the Florida First District Court of Appeal’s decision to grant an immediate stay from the Florida Office of Insurance Regulation’s order to cease writing new...
Fla. Halts Allstate from Writing New Business in All Lines; Insurer Appeals
Jan 18 2008 // The Florida Office of Insurance Regulation issued a final order immediately suspending Allstate Insurance Co. and its subsidiaries from writing any new business in all lines of insurance in Florida – including auto...
S&P: Allstate’s Ratings Unaffected by Florida Suspension
Jan 17 2008 // Standard & Poor’s Ratings Services said today that news reports (See IJ web site) about the suspension issued to Allstate Corp. (ALL) by the Florida Insurance Commissioner that prohibit some of the companies...
Fla. Insurance Commissioner Says Allstate Uncooperative, Stops Hearing
Jan 16 2008 // Florida Insurance Commissioner Kevin McCarty abruptly halted the scheduled two-day hearing Tuesday into Allstate Companies’ reinsurance program, their relationships to risk modeling companies, insurance rating...
Florida Blocks Allstate Insurance from Writing New Business in State
Jan 16 2008 // Florida Insurance Commissioner Kevin McCarty suspended the certificate of authority of Allstate Companies to write new property insurance in Florida until the company fully complies with the subpoenas served Oct. 16 by his...
Allstate Responds to Fla. Insurance Commissioner’s Regulatory Actions
Jan 16 2008 // In a written statement responding to the Florida Insurance Commissioner suspending Allstate’s certificate of authority Wednesday, the insurer said it is committed to working diligently with the Office of Insurance...
