Latest Allstate Headlines

All the headlines from our Allstate Topic Page, ordered by recency.

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/ProAXIS 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...

Allstate Accuses La. Couple of Misrepresenting Claim after Katrina

Apr 6 2007 // Allstate Insurance Co. says a Louisiana couple misrepresented their claim after Hurricane Katrina damaged their home and is asking a federal judge to throw out their lawsuit against the insurer less than a week before...

Declarations

Mar 26 2007 // Monitoring the process“I will carefully monitor Allstate’s actions throughout this process to ensure that policyholders entitled to reinstatement are fully protected.” — Louisiana Commissioner of...

News Currents

Mar 26 2007 // La.’s Donelon forges agreement with Allstate over cancelled policiesLouisiana Commissioner of Insurance Jim Donelon reported on March 19, 2007, that he had reached a settlement with Allstate concerning 4,772...

Md. Senate Committee Nixes Bill Forcing Insurers to Write on Coast

Mar 22 2007 // Maryland has decided not to require home insurers to cover all areas of the state, even coastal areas.The state Senate was considering a bill to require the insurance after state’s second-largest home insurer —...

La.’s Donelon Forges Settlement with Allstate over Cancelled Policies

Mar 19 2007 // Louisiana Commissioner of Insurance Jim Donelon announced that he has reached a favorable settlement for the 4,772 Allstate policyholders in four south Louisiana parishes whose homeowners insurance was cancelled as part of...

Allstate Insurance To Open Claims Center in Cheyenne

Mar 19 2007 // Allstate Insurance Co. said it intends to open a new claims center in Cheyenne, Wyo., that will bring at least 200 jobs to the city.The company plans to open an Allstate Express call center in the former Trilegiant...

Allstate Ordered to Reduce Texas Homeowners Rates; Refund $56M

Mar 14 2007 // The Texas Department of Insurance reported that on March 8, 2007, the Travis County District Court affirmed an earlier order by Texas Insurance Commissioner Mike Geeslin requiring Allstate Texas Lloyds to reduce its...

Allstate: La. Insurance Chief Overstepped Authority on Policies

Mar 12 2007 // Allstate Insurance is resisting an order from Louisiana’s insurance department to reinstate 4,700 homeowner policies that the company canceled in four parishes hit by Hurricane Katrina.Louisiana Insurance...