Allstate Announces Agreement with the Louisiana Department of Insurance Resolving Issues Regarding Inspections, Wind and Hail Coverage.BATON ROUGE Baton Rouge (băt`ən r  zh) [Fr.,=red stick], city (1990 pop. 219,531), state capital and seat of East Baton Rouge parish, SE La. , La. -- Allstate announced today that it reached an
agreement with the Louisiana Department of Insurance concerning its 2006
reinspection programs and wind and hail coverage.
"We are pleased to work together with the commissioner and the department to resolve this situation," said Ron Corbin, field vice president at Allstate. "This agreement is the result of our desire to find a solution that meets the needs of the customers and the agents who serve them." Under the agreement, Allstate will offer wind and hail coverage to a limited number of customers who had it removed as long as, on the date coverage was removed, the customer had continuously maintained homeowner's coverage on the same property for more than three years with the Allstate companies. A few hundred customers are included in this group, or far less than one percent of the total number of Louisiana CODE, OF LOUISIANA. In 1822, Peter Derbigny, Edward Livingston, and Moreau Lislet, were selected by the legislature to revise and amend the civil code, and to add to it such laws still in force as were not included therein. Allstate homeowners' customers. As part of the agreement related to the reinspection program, Allstate has agreed to pay the sum of $250,000 to the Louisiana Department of Insurance to avoid expenses associated with a hearing on this matter. "We are confident that we properly implemented the reinspection program. However, we decided it was in the best interest of all parties involved to reach an amicable am·i·ca·ble adj. Characterized by or exhibiting friendliness or goodwill; friendly. [Middle English, from Late Latin am resolution," said Corbin. The Allstate Corporation (NYSE NYSE See: New York Stock Exchange :ALL) is the nation's largest publicly held personal lines insurer. Widely known through the "You're In Good Hands With Allstate[R]" slogan A slogan is a memorable motto or phrase used in a political, commercial, religious and other context as a repetitive expression of an idea or purpose. Slogans vary from the written and the visual to the chanted and the vulgar. , Allstate helps individuals in approximately 17 million households protect what they have today and better prepare for tomorrow through approximately 14,900 exclusive agencies and financial representatives in the U.S. and Canada. Customers can access Allstate products and services such as auto insurance and homeowners insurance through Allstate agencies, or in select states at allstate.com and 1-800 Allstate[R]. Encompass ENCOMPASS Enhanced Consequence Management Planning and Support System (DARPA) [R] and Deerbrook[R] Insurance brand property and casualty products are sold exclusively through independent agents. The Allstate Financial Group provides life insurance, supplemental accident and health insurance, annuity annuity: see insurance. annuity Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. , banking and retirement products designed for individual, institutional and worksite customers that are distributed through Allstate agencies, independent agencies, financial institutions and broker-dealers. |
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