Allstate News

HALIFAX, April 28 /CNW/ - Today in the Nova Scotia Legislature, Minister of Finance the Honourable Graham Steele announced changes to the Minor Injury Cap. In February 2010, the Insurance Brokers Association of Nova Scotia (IBANS) made a submission in response to a discussion paper produced by the Superintendant of Insurance that clearly stated that the cap should remain in place. Recommendations were made to: increase the amount of the cap, index it for inflation and review the definition of ...

Mid-Continent Casualty Company, a member of the Great American Insurance Group, announced that H. Michael ("Mike") Coon was named President and Chief Operating Officer the Company, succeeding Jim Pierce, who was named Chairman and Chief Executive Officer until the time of Mr. Pierce's retirement in December 2010. Mr. Coon has 37 years experience in the insurance industry. He joined Mid-Continent in 1991, most recently serving as Executive Vice President. Before coming to Mid-Continent, Mr. Coon ...

Fitch Ratings has affirmed the 'BBB+' senior debt rating of The Allstate Corporation (Allstate) and the 'A+' Insurer Financial Strength (IFS) ratings of Allstate's property/casualty subsidiaries. Fitch has also downgraded the life subsidiaries to 'A-' from 'A'. The Rating Outlook is Stable. A full list of ratings can be found below. The affirmation of Allstate's holding company and property/casualty ratings recognizes greater profitability as consolidated net income reached $854 millio...

As tricked-out name tags, retro hair styles, and "I Heart Insurance" buttons sweep the nation, Floridians have the chance to compete for a spot alongside Progressive's helpful insurance expert, Flo, to star in a national ad. Flo helper-hopefuls in the greater Miami area will have the opportunity to try out in-person at the Miami Design Preservation League on February 18 and 19 from 10 a.m. to 7 p.m. Video try-outs can also be submitted at www.helpflo.com through March 21. "It's bee...

Gaining momentum in the Alberta market EDMONTON, May 29 /CNW/ - Today, Tim Currie, Assistant Vice President, Allstate Canada, was on hand for the official grand opening of a new Allstate Insurance Agency in Edmonton, Alberta. Earlier in the day, Currie was in Sherwood Park, Alberta, opening another agency. In 2007, Allstate announced that it was going to enhance its agent distribution model in order to better respond to customer expectations and to the demands of an evolving marketplace and i...

Fitch Ratings has affirmed the ratings of The Allstate Corporation (Allstate) and its property/casualty and life subsidiaries (see list below). The Rating Outlook is Stable. Allstate's ratings continue to be favorably influenced by its top-tier market position and national scope in the personal lines property/casualty business, moderate financial leverage at the holding company level and the diversification benefit provided by the life insurance business. Balanced against these strengths are...

SANTA MONICA, Nov. 2 /PRNewswire-USNewswire/ -- The following is being issued by the Foundation for Taxpayer and Consumer Rights: WHAT: News conference/ Dept. of Insurance hearing into Allstate auto ratesWHO:Pamela Pressley, litigation director, Foundation for Taxpayer andConsumer RightsDan Zohar, FTCR outside counsel, Zohar Law Firm, P.C., Los Angeles, CATodd Foreman, staff attorney, FTCRWHEN: Monday, November 5 9:00 AMWHERE: 45 Fremont St., interior courtyard (near train)San Francisco 94105 ...

To: STATE EDITORS Contact: Doug Heller, +1-310-392-0522 ext. 309, or Carmen Balber, +1-310-392-0522 ext. 324, both of the Foundation for Taxpayer and Consumer Rights **News Conference/Public Hearing Monday AM** Despite Staggering Profits, Allstate Continues to Battle Regulatory Requirement To Lower Its Auto Insurance Rates by $304.2 million ($150 per Car) Per Year SANTA MONICA, Nov. 2 /PRNewswire-USNewswire/ -- The following is being issued by the Foundation for Taxpayer and Consumer Rig...

Fitch Ratings has assigned an 'A' rating to the following issues for The Allstate Corporation (Allstate): --Series A 6.50% fixed- to floating-rate junior subordinated debentures due 2067 --Series B 6.125% fixed- to floating-rate junior subordinated debentures due 2067. No action was taken on the ratings of The Allstate Corporation (Allstate) and its property/casualty and life subsidiaries (see list below). The Rating Outlook remains Stable. Allstate's junior subordinated debentures recei...

With Your Choice Auto, Allstate is offering new rewards to consumers who drive safely and enhanced protection for those not able to stay out of harm's way. Beginning this year, Allstate Your Choice Auto is being supported with a national advertising effort including national radio and television advertising featuring actor Dennis Haysbert and online and print advertisements.A first for the auto insurance industry, Allstate Your Choice Auto Insurance is a new insurance product that is reinventing...