Good news for Allstate policyholders in Texas. After a contested hearing, the Texas Department of Insurance has ordered Lloyds Allstate, the Allstate Insurance company operating in TX, to reduce their home insurance rates by 5% for all policyholders. Additionally, the insurer must refund all policyholders the difference between the rates they have been paying since December of 2004 and the new reduced rate plus interest (13.25%). This will cost Allstate in the neighborhood of $60 million. Read more: Texas Orders Allstate to Reduce Rates, Refund Customers (Insurance Journal) Texas Insurance Commissioner Mike Geeslin signed a Commissioner's Order requiring Allstate Texas Lloyds to reduce rates for all Texas policyholders by 5 percent, the Texas Department of Insurance rep Resources at MostChoiceRecent Home Insurance Resources at MostChoice:
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Allstate readying for Gustav's impact Allstate Insurance officials say they are ramping up operations throughout the Gulf Coast in anticipation of Hurricane Gustav's landfall. SC Insurance News Service: Hanna Advisory Tuesday, September 02, 2008 at 2:50 p.m. Insurance companies have plans well underway to help in the event Tropical Storm Hanna heads toward South Carolina. Companies have prepared for adjusters to move in as soon as the storm ends to begin handling customers' insurance claims. Allstate readying for Gustav's impact Associated Press - August 31, 2008 8:04 PM ET NORTHBROOK, Ill. - Allstate Insurance officials say they are ramping up operations throughout the Gulf Coast in anticipation of Hurricane... MOVERS ALLSTATE CORP. ALL: Hurricane Gustav, the storm that made landfall in Louisiana on Monday, will have an effect that is "significantly smaller than Katrina," said Robert Muir-Wood, head of research for Risk Management Solutions Inc. The Northbrook, Ill.-based insurance provider fell 1 percent to $45.13 in regular trading. Snapshot of renters insurance rates in 3 cities A snapshot of Allstate renters' insurance rates in three cities: The coverage rates below include $100,000 in liability protection and assume the homes have smoke detectors, a fire extinguisher and deadbolt locks on all exterior doors. State Web site aims to simplify insurance shopping In the market for home or auto insurance? The Texas Department of Insurance on Thursday launched a revamped Web site that could better help you pick a policy. Allstate readying for Gustav's impact CHICAGO Allstate Insurance Co. on Sunday ramped up its Gulf Coast operations in anticipation of Hurricane Gustav's landfall, activating more than 1,000 claims adjusters and positioning 15 mobile response units from Texas to Alabama. Insurance office catches fire in Hunting Park A fire broke out at a Philadelphia automotive insurance office this morning. No insurance policies to be written until after Gustav Residents currently without homeowner's, auto or flood insurance will have to wait until after Hurricane Gustav to get it. Medtral New Zealand Addresses Surgical Risks by Providing Automatic Contingency Insurance for Its Patients Most medical travel agencies acknowledge the universal risk of surgery and the devastating effects a serious adverse event can have on a patient, but Medtral New Zealand, a health care organization based in New Zealand www.medtral.com that coordinates medical travel packages to this destination, goes a step further by offering contingency insurance to cover the risk of major surgical ... |


