Allstate Insurance: Company Profile
The Allstate Corporation (NYSE: ALL:US), through its subsidiaries, provides property-liability insurance, as well as other types of insurance in the United States and Canada. The Company primarily sells private passenger automobile and homeowners insurance through independent and specialized brokers. Allstate also sells life insurance, annuity, and group pension products through agents. It is the second-largest personal lines insurer in the United States (behind State Farm) and the largest that is publicly held. The company also has personal lines insurance operations in Canada. Allstate was founded in 1931 as part of Sears, Roebuck and Co., and was spun off in 1993. Its current advertising campaign, in use since 2004, asks, "Are you in good hands?"
Allstate sponsors many sporting events, including the Allstate Sugar Bowl, the Allstate 400 at the Brickyard NASCAR race, and the United States Olympic Committee. In 2009, Allstate's total revenue was $32 billion, of which $26.2 billion came from Property Liability
Lawsuits Brought Against the Allstate Insurance Company
Have you been the victim of a serious accident in which either you or the at-fault has been insured by the Allstate Insurance company? If you want to achieve a fair settlement or court outcome, it is important to research how other people and companies have successfully navigated insurance claims and settlements with specific insurance companies. This will help you avoid making the same mistakes others have made when legally dealing with the same insurance companies. It can provide insight as to which courses of action might affect the value of your settlement. It also helps highlight critical legal strategies and paths that have helped win lawsuits against these major insurance companies such as Allstate Insurance.
Insurance companies are notorious for delaying the release of settlement funds at all costs. The practice exists in an extremely high percentage of insurance companies. It is designed as both a money saving and a money making technique. Major insurance companies usually have tens of billions of dollars on their books, which they invest in order to amplify their profits. Even if they have to pay a settlement, they will hold the money as long as legally possible in a leveraged effort to increase their own profits.
In addition to delaying the disbursement of settlement funds, insurance companies deploy many of the following techniques to save costs:
- Nickel and dime smaller individual clients with various charges with the knowledge they cannot afford to investigate their legal options.
- Present clients with a very small initial settlement offer, as many policy holders do not realize they do not have to accept the insurance company’s first offer.
- Wait until the last possible week to disperse funds, as some negotiations can last well over a year.
If you have sustained personal injuries that will be permanent, it is important to use an expert trial attorney.
Cases Involving Allstate Insurance:
Allstate Insurance Co. rigged a computer program to produce artificially low values for injury claims, sent fraudulent information to state regulators (View Full Article – Davis Law Group)
Allstate's deceptive advertising sinks to a new low (View Full Article – Davis Law Group)
Davis Law Group Library – Allstate
Can I file a lawsuit against Allstate Insurance?
Who else has filed a lawsuit against Allstate Insurance?
List of lawsuits brought against Allstate Insurance.