Insurance Analysis
Highly qualified and experienced insurance industry consultants
Allstate Insurance Sets Trend for Higher Rates Among Major Insurers
Allstate Insurance announced some time ago that it planned to take a number of steps to raise the home insurance rates of its customers. Now, company executives say they believe other major insurers plan to follow its lead by increasing their own customers premiums.
Allstate Insurance Raises Home Insurance Premiums
In February, Allstate Insurance CEO Thomas Wilson announced plans for his company to increase profits and offset rising claims costs after a few hard years of natural disasters by raising home insurance rates.
One approach Allstate has taken to raise rates is a new product called House & Home, which pays customers who make roof claims on their homes the actual cash value if the home is older than 10 years, rather than offering the amount needed for replacement.
The company said if the homeowner wants a new roof, they will have to cover the cost above the old roofs depreciated value on their own. They can also purc
Allstate Insurance Offers Auto Customers Money-Back Guarantee
Allstate Insurance, in an effort to find an edge over its competition, is promising its customers a money-back guarantee if theyre not satisfied with their auto insurance claims service. Th