Allstate Welcomed as the Newest Member Company of the Personal Insurance Federation of California (PIFC).SACRAMENTO, Calif. -- The Board of Directors of the Personal Insurance Federation of California (PIFC PIFC Public Internal Financial Control (European Commission publication) ) has voted unanimously to accept Allstate Insurance Company as the newest member of PIFC. "We are pleased to welcome Allstate to PIFC - our outstanding trade association with a strong track record of successfully representing the insurance industry's leading property and casualty companies," said Mark Niehaus, PIFC's Board President representing Progressive Insurance Group. Allstate is the first new company to join PIFC in 15 years - coming just as PIFC celebrates the 20th anniversary of its founding in 1989. Allstate joins the five other companies that comprise PIFC - 21st Century, Farmers Insurance Group, Progressive Insurance Group, Safeco, and State Farm Insurance Companies, which combined represent more than $12 billion of personal lines premium written in California. The National Association of Mutual Insurance Companies (NAMIC NAMIC National Association of Mutual Insurance Companies NAMIC National Association for Multi-Ethnicity in Communications NAMIC National Association of Minorities in Cable ) is an Associate member of PIFC. "Allstate is pleased to join PIFC and its affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. ," said William Vainisi, Allstate's Vice President of Government and Industry Relations. "PIFC has established itself as the premier property and casualty trade association in California. Allstate is grateful to the PIFC member companies for welcoming us into this great organization." Allstate is the fourth largest automobile insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. in California, and the third largest homeowners insurance carrier. In 2008, Allstate invested nearly $4 million into California municipal bonds, and contributed more than $660,000 to non-profit organizations A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. through the Allstate Foundation. Rex Frazier, President of PIFC said, "We are very proud to have a respected company such as Allstate join our existing member companies. We have a proven tradition at PIFC of working to find solutions to complex insurance policy matters, and we know that Allstate will work hard to uphold up·hold tr.v. up·held , up·hold·ing, up·holds 1. To hold aloft; raise: upheld the banner proudly. 2. To prevent from falling or sinking; support. 3. that tradition as a dedicated member of our federation." PIFC is California's personal lines trade association representing the leading automobile, homeowners and earthquake insurers. PIFC represents its member companies before state executive, legislative and judicial bodies on issues of importance to the personal lines industry. 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 is reinventing protection and retirement to help individuals in approximately 17 million households protect what they have today and better prepare for tomorrow. Customers can access Allstate products and services such as auto insurance and homeowners insurance through approximately 14,700 exclusive Allstate agencies and financial representatives in the U.S. and Canada, 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. Customers can also access information about Allstate Financial Group products and services at myallstatefinancial.com. You can visit the PIFC website at www.pifc.org |
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