<b>Company also supports new Texas Department of Insurance program to help consumers obtain homeowners coverage</b>
IRVING, Texas, Sept. 24, 2002 — Allstate Insurance Company and the University of North Texas (UNT) today launched a consumer education web site (www.insuretexas.org) to help Texans learn about and compare the new homeowners policy forms approved for use in Texas
At the same time, Allstate volunteered to participate in the helpinsure.com program, unveiled by the Texas Department of Insurance last week, to help consumers find homeowners insurance coverage.
These combined efforts are part of Allstate’s commitment to promote insurance education and to help Texans find the coverage that is best suited for their needs.
InsureTexas.org was developed by the UNT Financial Services Center through a grant from The Allstate Foundation. The website provides a wealth of consumer education about homeowners insurance, including:
a comparison of the new types of homeowners policy forms recently approved by the TDI;
practical tips on how consumers might reduce the cost of their insurance; and
advice on how to prevent water damage by practicing preventative maintenance.
To cater to the state’s large Hispanic population, content on the site is available in both English and Spanish.
“The Allstate Foundation funded this website as part of our company’s commitment to promote insurance education,” say Justin Schmitt, Allstate Corporate Relations Manager. “Consumer education is key to improving the Texas insurance marketplace. A more competitive market in which consumers can select from many different companies, products and coverages at competitive rate levels is Allstate’s hope for Texas. We believe InsureTexas.org gives Texans an opportunity to become more savvy insurance consumers and in turn helps them get the information they need to make informed choices about homeowners insurance.”
“Some Texans may be confused about the new homeowners policies being offered by insurers in the state,” says Brenda Wells, Associate Professor of Insurance at UNT. “We hope to give consumers a better understanding of their homeowners policy options.”
Despite a difficult insurance climate, Allstate is continuing to offer new homeowners insurance policies to qualifying customers in Texas. The company is currently writing about 1,200 new homeowners policies per week. Allstate insures more than 600,000 Texas homeowners.
The Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal lines insurer. Widely known through the “You’re In Good Hands With AllstateР’В®” slogan, Allstate provides insurance products to more than 16 million households and has approximately 12,500 exclusive agents and financial specialists in the U.S. and Canada. Customers can access Allstate products and services through Allstate agents, or in select states at allstate.com and 1-800-AllstateSM. EncompassSM and DeerbrookР’В® Insurance brand property and casualty products are sold exclusively through independent agents. Allstate Financial Group includes the businesses that provide life insurance, retirement and investment products, through Allstate agents, workplace marketing, independent agents, banks and securities firms.
FOR MORE INFORMATION:
Contact Justin Schmitt 972-871-6479