September 2, 2006 |
Allstate Insurance Co. on Friday filed a request to raise premiums for California homeowners 12.2% -- startling consumer groups and state Insurance Commissioner John Garamendi, who in June had ordered the company to justify its rates. Whereas rivals said Friday that they planned to cut premiums, Allstate said it needed to charge more to cover the escalating threat from natural catastrophes.
June 27, 2005 |
Allstate Insurance Co. has agreed to pay $30 million to an estimated 250,000 Californians who were allegedly overcharged for auto and homeowner policies, in a settlement expected to be announced today. The company, though not admitting wrongdoing, also has agreed to pay a $4-million fine to the state Insurance Department.
April 29, 2005 |
The venerable Indianapolis Motor Speedway has gone commercial. The Brickyard 400, the stock car race that annually attracts the largest audience in NASCAR's Nextel Cup season, has been renamed the Allstate 400 at the Brickyard. The insurance company announced Thursday that it had signed a multiyear sponsorship deal with IMS, and that it had signed another multiyear deal to be NASCAR's official insurance sponsor.
April 23, 2005 |
Allstate Insurance Co. filed suit Friday to get more than 100 cars owned by its policyholders out from behind the locked gates of M2 Collision Care Centers, a chain of California body shops that is being liquidated at the behest of creditors. The suit, filed in Los Angeles County Superior Court, calls for CMA Business Credit Services to release vehicles owned by Allstate customers and seeks unspecified damages. Burbank-based CMA took control of M2 Automotive Inc.'
CALIFORNIA | LOCAL
July 24, 2004 |
Bungling by fire and police agencies here allowed last October's Cedar fire to spread "into a wildfire of epic proportion," one of the largest insurance companies in the state has charged in a claim filed against three public agencies. Allstate Corp.
April 27, 2004 |
Allstate Corp., the second-biggest U.S. auto and home insurer, lost a U.S. Supreme Court bid to limit a lawsuit claiming it used customers' credit records to overcharge blacks and Latinos for home and auto insurance. The justices rejected Allstate's effort to throw out a claim that the use of credit histories to set rates had a disproportionate effect on minorities, even if it wasn't intentional.