Tag: Allstate

Allstate 2022 auto insurance rate filings brings about changes to Georgia law

Marc
Auto insurance - Georgia Law changes

The filing rules in the state will be changing under a new law driven forward by the insurer last year. Georgia Governor Brian Kemp recently signed a bill into law, providing the insurance commissioner in the state with the authority to review all auto insurance rate filings before they can become effective. The new law will become effective July 1, 2023, and preserves existing authority while making additions. Georgia House Bill 221 goes into effect July 1, 2023. It will maintain the approval powers the commissioner already held over mandatory…

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Illinois auto insurance rate calculation overhaul in the works

G. Turner
Auto insurance - Rate Hikes - Illinois

State Rep. Will Guzzardi is seeking to ban “excessive” increases and price calculation factors. Illinois state Rep. Will Guzzardi is seeking to require that auto insurance companies obtain state approval before they can implement rate hikes. He is also aiming to implement a ban for “excessive” rate increases and stop insurers from being able to use occupation, gender or credit score to calculate premiums. The largest car insurers in the state have increased rates by $527 million since the start of the year. According to analyses conducted by two consumer…

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Allstate insurance company pledges net zero carbon by 2030

Logan B.
Insurance company - Net Zero Emissions by 2030

The insurer also committed to an investment portfolio that is greenhouse gas emission-free. The Allstate Corporation, one of the largest insurance companies in the United States, has announced its new commitment to achieve a string of zero emission targets. The insurer plans zero greenhouse gas emissions from direct, indirect and value-chain sources by 2030. As a closer target, the insurance company has also committed to set a target year for having a net zero portfolio by 2025. The goal is to contribute to the overall effort being made to manage…

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Allstate reminds consumers of the importance of identity protection during the holidays

G. Turner
Identity Protection - Theft

Scammers are taking aim at consumers shopping at this time of year, as well as at student loan borrowers. At this time of year, identity protection products can be particularly helpful to consumers, said a recent news release from Allstate, cautioning consumers about criminals targeting holiday shoppers and federal student loan borrowers. About a tenth of Americans have been victims of scams having to do with federal student debt forgiveness. About two in five of the student loan scam victims are contacted a minimum of once per week, according to…

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Allstate CEO says State Farm auto insurance rates will soon increase

Nordstrom
Auto insurance - Rates increasing

Tom Wilson has predicted that his company’s largest competitor will also be raising rates. President and CEO at Allstate Tom Wilson has predicted that State Farm will also be pushing to make auto insurance rate hikes in 2023, when he spoke at the Goldman Sachs 2022 US Financial Services Conference. Allstate has already started requesting rate increases and expects State Farm to do the same. Wilson pointed to the increased prices as a response to inflationary pressures and rising loss costs, and that the move will provide the home and…

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Allstate insurance company announces new Chief Legal Officer Christine DeBiase

Nordstrom
Insurance Company - Announcement CLO

The insurer issued a news release welcoming DeBiase to her new position in the corporation. The Allstate Corporation has announced that Christine (Chris) DeBiase will be joining the insurance company just after the start of the new year as its new Executive Vice President, Chief Legal Officer, General Counsel and Corporate Secretary. DeBiase will be taking this position with the Allstate Corporation as of January 3, 2023. DeBiase will be taking the head of Law and Regulation as well as the insurance company’s sustainability strategy. She is an outsider from…

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Allstate Insurance partners with Jordan Andino for road safe mocktails

Logan B.
Allstate Insurance mocktails - person pouring a drink

To promote safe driving throughout the holidays, the insurer is working with the chef and TV personality. Allstate insurance has joined forces with TV personality, chef and restauranteur Jordan Andino to develop Allstate Good Sips. This is a list of signature mocktail recipes meant to make sure drivers stay sober throughout the holiday season when they plan to get behind the wheel. Mocktails are becoming quite trendy, having taken off like never before in 2021. Last year, nonalcoholic beverage demand rose by 33 percent in 2021, reaching $331 million, said…

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