July 25, 2014 6:32 AM ET

Insurance

Company Overview of Allstate Insurance Company

Company Overview

Allstate Insurance Company offers home security, business, supplemental health, long-term care, boat, flood, identity theft expenses, and motor home insurance products. It also provides financial products, such as annuities, education savings, IRAs, and mutual funds; emergency roadside assistance; and checking and savings accounts, money market accounts, and certificates of deposit. In addition, the company offers life insurance products. It provides its products and services through a network of agencies, financial specialists, brokers, bank representatives, insurance agents, and financial advisors in the United States and Canada. The company is based in Northbrook, Illinois with an additio...

2775 Sanders Road

Northbrook, IL 60062

United States

Phone:

800-255-7828

Fax:

847-326-7519

Key Executives for Allstate Insurance Company

Chairman
Age: 56
Chief Financial Officer and Executive Vice President
Age: 52
Senior Vice President
Age: 57
President of Allstate Protection South Regions
Age: 60
President of Encompass Insurance
Compensation as of Fiscal Year 2014.

Allstate Insurance Company Key Developments

The U.S. District Court for the Northern District of California Rules Allstate Insurance Did Not Breach Duty to Defend Homeowners Against Neighbors' Claims

The U.S. District Court for the Northern District of California held a homeowners' insurer did not breach any duty to defend neighbors' breach of contract or bad faith claims against insureds where the claims did not constitute an 'occurrence,' as defined in the insurance policy. Joyce and Edward Kennedy sued their neighbors, Jenny and Mark Daniels. The Kennedys and the Daniels owned adjacent property lots in Santa Cruz, Cal. The Kennedys' complaint alleged a retaining wall and trees on the Kennedys' property constituted a private nuisance. The complaint further alleged the Daniels acted unreasonably by failing to remedy those hazards. The Daniels conceded the wall needed to be replaced and a tree needed to be removed. They testified they did not like the Kennedys' approach and therefore 'decided not to do anything in response' to the Kennedys' request to repair the wall and remove the trees. The trial court ruled in favor of the Kennedys, declaring the retaining wall to be a nuisance. The Daniels tendered defense of the Kennedys' action to their homeowners' insurer, Allstate Insurance Co. Allstate denied coverage on the grounds that the insurance policy did not cover the allegations of the underlying complaint because the policy only covered 'accidents' resulting in 'bodily injury' or 'property damage,' and the policy excluded coverage for damage to property owned or used by an insured. The Daniels sued Allstate for breach of written contract and breach of implied covenant of good faith and fair dealing. They claimed Allstate had a duty to defend them in the underlying litigation. Allstate moved to dismiss, contending coverage was properly denied because the underlying complaint against the Daniels did not allege 'accidental' conduct to satisfy the policy's definition of 'occurrence.' The district court granted Allstate's motion. Because an accident must be unexpected and nothing in the facts alleged by the Daniels suggested Allstate should have been alerted to the unexpectedness of the deterioration and resulting nuisance to the Kennedys, the Daniels had not adequately alleged Allstate had a duty to defend them in the underlying litigation. Accordingly, the court dismissed all claims alleging breach of contract or the implied covenant of good faith and fair dealing stemming from Allstate's failure to defend.

Judge Ruling Favors Calmare Pain Therapy Reimbursement in Personal Injury Case Against Allstate Insurance Co

The Calmare Pain Therapy Device, the product of Competitive Technologies Inc., gained a favorable reimbursement ruling from the New York City Civil Courts in a personal injury case against Allstate Insurance Co., (Allstate). In the ruling, the Court instructed the company to reimburse Forest Rehabilitation Medicine P.C. (Forest) for its use of Calmare pain therapy (Calmare) on patients who suffer pain as a result of car accident injuries. In the New York Civil Court case, Forest Rehabilitation Medicine P.C. versus Allstate Insurance Company, New York Civil Court Judge Theresa Ciccotto rejected Allstate's claim that Calmare, which has been cleared by the U.S. Food and Drug Administration (FDA), is an unproven method. In granting the clinic's bid for the reimbursement, Judge Ciccotto cited the FDA's approval of the treatment and said that she was not concerned about a lack of studies on the long-term effects. This was the first published decision in the U.S. involving the medical necessity of Calmare therapy.

Allstate Corporation Presents at 30th Annual Insurance Conference, Jun-03-2014 12:30 PM

Allstate Corporation Presents at 30th Annual Insurance Conference, Jun-03-2014 12:30 PM. Venue: Marriott Marquis, 1 53 5 Br oadway, New York, New York, United States. Speakers: Steven Verney, Executive Vice President and Chief Risk Officer.

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