Cape Coral, FL — Luann Guy didn’t think she was in good hands with Allstate after Hurricane Charley wrecked her home, leaving water and mold in its wake. The single mother of two still lives in her Cape Coral home infested with mold. And after weeks turned to months without payment from Allstate Floridian Insurance […]
When Beverly Hammond discovered black and green mold growing in her hall closet last fall, she wanted her family to evacuate the house immediately. She suspected the gooey fungus was causing her husband’s frequent nosebleeds and her 16-year-old daughter’s sudden memory loss. Toxic mold can cause such symptoms, she knew, but she had no idea […]
Wed Nov 13, 7:36 PM ET NORTHBROOK, Ill. (Reuters) – Allstate Corp., the No. 2 U.S. car and home insurer, on Thursday revised its previously announced third quarter earnings downwards, citing a $32 million charge it is taking for settling an insurance dispute. The company now says its third quarter profit was $248 million, or […]
by Jeff Ostrowski, Palm Beach Post Staff Writer Wednesday, August 7, 2002 A three-member panel will settle the dispute between the state’s largest homeowners insurer and Insurance Commissioner Tom Gallagher. State Farm officially appealed Gallagher’s rejection of a proposed 22 percent rate hike, Gallagher spokeswoman Tami Torres said Tuesday. Blaming the rising costs of toxic […]
by David Wichner, The Arizona Daily Star Wednesday May 15 05:20 AM EDT Reflecting a tough insurance market nationwide, three of Arizona’s biggest auto and home insurers – including market leader State Farm Mutual – are moving to limit new business in the state. Insurers say the moves are needed to stabilize their businesses amid […]
Written by Philip Klein NEW YORK (Reuters) – Allstate Corp. on Thursday reported its first increase in quarterly earnings in more than a year, as higher insurance rates took hold and catastrophe claims fell dramatically from the prior year. The company, the No. 2 U.S. car and home insurer behind State Farm Insurance Cos., also […]
That’s the ambitious goal of CEO Edward Liddy, whose moves haven’t always been popular with employees — or Wall Street As CEO of Allstate, the nation’s second-largest home- and auto-insurance company, Edward Liddy often finds himself between a rock and a hard place as he attempts to grow the company. Liddy sees value in expanding […]
by Tammy Williamson Business Reporter August 23, 2002 Illinois homeowners hit with double-digit increases from Allstate this year won’t see new increases next year, but auto rates in Illinois and nationally could rise 4 or 5 percent on average, said Edward Liddy, Allstate’s chief executive officer. And while some states will see home insurance rates […]
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