Tag: allstate insurance

Allstate puts a halt to Colorado Spanish-language insurance sales due to new law

Nordstrom
Insurance sales - Colorado Law

State lawmakers passed a translation requirement leading the insurer to conduct business in English. Allstate will be stopping all insurance sales conducted in Spanish and will do business exclusively in English in Colorado when a new law goes into effect in 2025. House Bill 23-1004 requires insurers to provide consumers with policy documents in the same language as advertising. The law will mean that policy documents provided to consumers will need to be written in the language in which the company advertises. Therefore, if a company advertises in Spanish, the…

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Digital Era: Are Exclusive Insurance Agents Facing Extinction?

Loreen
exclusive insurance agents battle in the digital world

In the vast and complex world of insurance, exclusive agents play a critical role. They are professionals who have signed agreements with a single insurance company to sell only that company’s policies. This exclusivity allows them to deeply understand the products they sell, providing clients with an unmatched level of expertise in those specific offerings. However, the insurance industry is currently in a state of flux. Rapid technological advances, evolving consumer expectations, and the rise of digital platforms are reshaping the landscape. These changes are not only altering how insurance…

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Allstate is no longer selling new California home insurance policies

Julie Campbell
California home insurance - homeowners insurance policy - X

Immediately after State Farm’s exit from selling in the market, its top competitor has done the same. Allstate has announced that it is no longer selling new California home insurance policies, removing it from the pool of available coverage for homeowners following State Farm’s exit from sales only days before. That said, despite the fact that the announcement was only just made, the insurer’s statement said it stopped accepting new policies as of last year. This means that two of the largest insurers in the country are no longer selling…

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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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