West Palm Beach, FL — James and Maria Ivory’s dreams of a relaxing retirement on Florida’s Gulf Coast were put on hold when they discovered their new home had been built with Chinese drywall that emits sulfuric fumes and corrodes pipes. It got worse when they asked their insurer for help — and not only […]
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 […]
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 […]
Associated Press 07/18/2002 AUSTIN – Texas’ second-largest homeowners’ insurer — Farmers Insurance Co. — no longer writes new policies for homes that have had a water-damage claim in the past three years. The company also no longer insures houses older than 30 years unless they have had their plumbing systems renovated in the past 10 […]
 
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