Latest Allstate Headlines
All the headlines from our Allstate Topic Page, ordered by recency.
Royal Palm to Offer Coverage to Allstate Floridian Customers
May 15 2006 // St. Petersburg, Fla.-based Allstate Floridian has reached an agreement with Royal Palm Insurance Co., a new property insurer in the state, to offer Allstate Floridian customers and Florida consumers property insurance...
State Farm Seeks Homeowners Rate Increase in Florida
May 15 2006 // State Farm Insurance Co. is seeking to boost premiums by an average of about 70 percent in Florida, the company said Friday. If approved by state regulators, the increase would be effective Aug. 15. The Bloomington,...
Scruggs Sues Allstate for Denying Katrina Claims
May 15 2006 // Allstate Insurance Co. has been sued for allegedly denying rightful claims of hurricane-damaged homes. Lawyer Richard Scruggs filed the lawsuit Friday in federal court on behalf of 310 Allstate policyholders allegedly...
Allstate Objects to Texas Ruling It Overcharges Homeowners 10%
Apr 20 2006 // Two judges have ruled that Allstate Insurance charges excessive rates for homeowners insurance and should reduce them. State insurance regulators want the company to reduce its homeowners rates by 10 percent and refund its...
Louisiana Approves Rate Hikes for Allstate, Other Insurers
Apr 20 2006 // Louisiana’s second-largest insurer has received permission to boost homeowners’ rates an average of 20.6 percent for nearly half its customers, while the remainder will see rates rise an average of 9...
Allstate Stock Rises on Strong Forecast
Apr 20 2006 // Shares of Allstate Corp. rose Wednesday, after the insurance company outlined first-quarter performance and issued a strong outlook for the rest of the year. Stock of the Northbrook, Ill.-based company rose $3.08, or 5.9...
Deadly storms hit Midwest again in new round of spring tornadoes
Apr 17 2006 // The new round of tornadoes hit the Midwest less than one month after a similar grouping of twisters, high winds and damage hit a five-state area on March 12. News Currents Another round of deadly storms hit the Midwest...
Judge rejects Allstate request to dismiss hurricane lawsuit
Apr 17 2006 // The company (Allstate) “is pleased that the judge ruled, ‘The exclusions found in the policy for water damage and for damages attributable to flooding are valid and enforceable policy provisions,'”...
Editor’s Note: Wind vs. water saga continues
Apr 17 2006 // It would seem prudent for homeowners along the nation’s hurricane-prone coasts to buy as much wind and flood insurance as they need before this year’s hurricane season starts. A federal judge in Gulfport,...
Federal Judge in Mississippi ‘Storm Surge’ Case Upholds Home Insurance Flood Exclusion
Apr 13 2006 // A federal judge in Mississippi has upheld the water damage exclusion in homeowners insurance policies in a ruling welcomed by insurers. U.S. District Judge L.T. Senter, Jr. of the Southern District of Mississippi denied a...
Allstate Ads Dropped from Ohio Bureau of Motor Vehicle Mailings
Apr 6 2006 // A complaint to the governor by the Professional Insurance Agents Association of Ohio got results when an insurance company’s advertisements were dropped from vehicle registration renewal notices sent to Ohio...
Allstate’s Chief Executive’s Compensation Cut by 10 Percent
Mar 28 2006 // A proxy statement issued by Allstate Corp. has shown that Chief Executive Edward Liddy’s compensation was cut by 10 percent in 2005, to $11.1 million, the second straight decrease. The Proxy statement is filed with...
Federal Judge Rejects Allstate Request to Dismiss Miss. Hurricane Lawsuit
Mar 27 2006 // A federal judge in Gulfport, Miss. has refused to throw out a lawsuit that a couple filed against Allstate Insurance Co. after the insurer refused to cover damage to their home from Hurricane Katrina. The lawsuit, filed by...
TEXAS JUDGE’S RULING PARTIALLY FAVORS ALLSTATE AND STERLING
Mar 20 2006 // Allstate and Sterling Autobody Centers can communicate benefits of its shops, a federal district judge in Texas has ruled. In a news release, Allstate reported that on March 9, 2006, the judge in Allstate, et al. v....
Multi-state class actions could infringe on state regulators
Mar 20 2006 // Allstate Insurance Co., the National Association of Mutual Insurance Companies and the Property Casualty Insurers Association of America have joined forces requesting a review of a Court of Appeals decision involving a...
People and Places
Mar 6 2006 // Jim Donelon became Louisiana’s Commissioner of Insurance on Feb. 16 following the retirement of J. Robert Wooley. Donelon previously served as the insurance department’s Executive Counsel and Chief Deputy...
Survey of Agents Finds No Immediate Crisis in N.Y. Homeowners Market
Feb 28 2006 // The Professional Insurance Agents of New York State Inc. reported that a week-long survey of its members regarding the current conditions of the homeowners market in downstate New York found there is no immediate crisis in...
N.Y. Homeowners Insurance Market: Strong or Weak?
Feb 28 2006 // New York’s homeowners insurance market is either strong, stable or fragile depending upon whether the speaker is an agent or an insurer. Also, Allstate Insurance Co.’s decision to limit its business in eight...
Fitch Upgrades FSR of Encompass Companies; Outlook is Stable
Feb 21 2006 // Fitch Ratings has upgraded the insurer financial strength ratings of the Encompass companies to ‘AA+’ from ‘A-‘. The Rating Outlook is Stable. The upgrade reflects Allstate’s acquisition of...
N.Y. Senator Schumer criticizes Allstate’s metro-area retreat
Feb 20 2006 // New York State’s largest provider of homeowners insurance should reconsider its decision to stop writing new policies in the metropolitan area over concerns about hurricane damage, according to Sen. Charles...
