Latest Allstate Headlines
All the headlines from our Allstate Topic Page, ordered by recency.
No reinsurance for Louisiana cost Allstate $2 billion
Aug 21 2006 // Allstate Insurance Co. failed to buy reinsurance last year to cover some of the cost of policies in Louisiana a gamble that cost the company $2 billion in claims, The Associated Press reported. The company’s models...
Floridians begin to question insurers’ ‘pup companies’
Aug 21 2006 // A lot of Floridians have had their homeowners insurance company — call it XYZ Florida Insurance — increase their premium because of huge losses. Weeks later, the residents see XYZ Insurance USA, based in...
Allstate Drops Alaska Earthquake Coverage
Aug 18 2006 // Nearly 7,000 Alaskans will lose their earthquake insurance as their policies come up for renewal in the coming months. Allstate Insurance Co. is cutting its optional earthquake coverage nationwide, and will drop this plan...
Not Buying Reinsurance for La. Cost Allstate $2 Billion
Aug 8 2006 // Allstate Insurance Co. bought reinsurance to cover some of the cost of policies all along the East Coast last year, but not for Louisiana – a gamble that cost it $2 billion in claims. The company’s models did...
Allstate beats Wall Street projections, Q2 profit up by 5 percent
Aug 7 2006 // Allstate Corp. said recently that growth in premiums and stronger property-liability underwriting helped the insurer increase second-quarter profit by 5 percent. The nation’s largest publicly traded home, car and...
Allstate; La. commissioner attempt dispute resolution
Aug 7 2006 // Louisiana Commissioner of Insurance Jim Donelon, Governor Kathleen Blanco and Allstate President Thomas Wilson met July 31 at the company’s headquarters in Northbrook, Ill., in an attempt to resolve a dispute over...
Allstate; La. commissioner attempt dispute resolution
Aug 7 2006 // Louisiana Commissioner of Insurance Jim Donelon, Governor Kathleen Blanco and Allstate President Thomas Wilson met July 31 at the company’s headquarters in Northbrook, Ill., in an attempt to resolve a dispute over...
State-run Insurer Could Cover Dropped Allstate Policies in La.
Aug 4 2006 // Louisiana Citizens Property Insurance Corp., Louisiana’s state-run insurance company, could provide wind damage coverage for about 30,000 homeowners along the coast if Allstate Insurance Co. drops that coverage,...
Allstate Seeks Options for South La. Homeowners Policies
Aug 2 2006 // Allstate Insurance Co. has no immediate plan to drop wind coverage for homeowners in 18 coastal parishes, but the insurer wants to find new ways to offset potential losses if more hurricanes trigger big claims in south...
La. Commissioner Says Allstate is not Leaving State
Aug 1 2006 // After a July 31 meeting between Louisiana Commissioner of Insurance Jim Donelon, Governor Kathleen Blanco and Allstate President Thomas J. Wilson regarding Louisiana’s homeowners market and Allstate’s presence...
La. Commissioner to Meet with Allstate President About Coverage Issues
Jul 27 2006 // Louisiana Commissioner of Insurance Jim Donelon and Allstate President and Chief Operating Officer Thomas Wilson will meet Monday, July 31 at the company’s headquarters in Northbrook, Ill., the Louisiana Department...
Commissioner Calls on Allstate CEO to Discuss Plan to Shed La. Coverage
Jul 26 2006 // Louisiana Commissioner of Insurance Jim Donelon announced he has requested a meeting with Allstate Insurance Company CEO Edward Liddy after failed attempts by company officials to convince the Commissioner of the...
Allstate Says it Can Drop Basic Hurricane Coverage in La.
Jul 26 2006 // Allstate Insurance Co. officials say Louisiana state law allows the company to drop basic hurricane coverage for 30,000 policyholders in 18 coastal parishes – a stand that state Insurance Commission Jim Donelon is...
La. Commissioner: Regulatory Action Against Allstate Possible
Jul 24 2006 // The Louisiana Department of Insurance announced that Commissioner of Insurance Jim Donelon is preparing to take legal action against Allstate Insurance Company in a dispute over wind and hail coverage that would affect...
Allstate Beats Wall Street Projections, Ups 2d Quarter Profit 5%
Jul 21 2006 // Allstate Corp. said this week that growth in premiums and stronger property-liability underwriting helped the insurer increase second-quarter profit by 5 percent. The nation’s largest publicly traded home, car and...
Allstate Subs Granted Rate Hikes in La.; 65% Jump Expected for Some Insureds
Jul 20 2006 // Two subsidiaries of Allstate Insurance Company have received approval by the Louisiana Insurance Rating Commission to raise their homeowner coverage rates in the state. Encompass Insurance Co. of America and Encompass...
Wis. Gas Giveaway from Allstate Leads to Crashes, Arrests
Jul 14 2006 // Allstate’s good intentions turned nasty when two car crashes occurred and four people were arrested in excitement over a gasoline giveaway to reward the city of Milwaukee for its safe-driving record. For the most...
Albuquerque Lawyer Who Sued Insurer Awarded $11 million
Jul 5 2006 // A New Mexico State district court jury has awarded an Albuquerque lawyer nearly $11 million after she sued an insurance company that she said ruined her legal practice. Allstate Insurance Co. routinely hired Suzanne Guest...
Esurance Expands Central Valley, Calif., Office, Adds Jobs
Jun 27 2006 // Esurance, a direct-to-consumer personal auto insurance company, is expanding its sales and claims office in Rocklin, Calif., from 25,000 square feet to 48,000 square feet. With the expansion, the office will be able to...
Allstate dropping most earthquake coverage nationwide
Jun 19 2006 // Allstate Insurance Co. says it is dropping earthquake insurance to most of its 407,000 quake customers nationwide as a part of a larger move to reduce exposure to catastrophic losses. Allstate Spokesman Mike Siemienas in...
