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Allstate's slogan "You're in good hands" was created in the 1950s by Allstate Insurance Company's sales executive, Davis W. Ellis, based on a similar phrase he used to reassure his wife about a doctor caring for their child. It has been the slogan ever since 1950. [7] Allstate also refer to themselves as the "Good Hands People".
In 2023, the firm reached agreements with Allstate Corp. to settle allegations that the auto insurer failed to disclose details about a spike in claims for $90 million [21] and with Alexion for a $125 million settlement to end claims that the drugmaker caused a double-digit plunge in stock price after allegedly illegal and unethical sales ...
Insurance giant Allstate is letting individual teams set their own hybrid policies and using physical spaces as collaborative hubs. Allstate cut half its office space after adopting flexible work.
As part of a lawsuit against Allstate, 13,000 McKinsey documents were released, showing that McKinsey recommended that Allstate reduce payouts to insurance claimants by offering low settlements, delaying processing to wear out claimants through attrition, and fighting customers that protest in court. Allstate's profits doubled over ten years ...
[This report has been corrected with regard to the timing of Allstate's decision to pull back from offering insurance in California, which occurred in November 2022, not earlier in 2023.]
Assurant Health (now divested from Assurant) [22] [19] was repeatedly found to cancel health policies for some customers that had serious medical conditions, and 12 states criticized the firm for denying claims, with most of the states levying fines against Assurant. [26] [27] [28] A number of individual cases have been reported.
In 2008 Bristol West had a complaint ratio of 3.42 while the national median was 1.0 according to the NAIC. [ 46 ] [ failed verification ] In 2006, Farmers Insurance received the highest number of complaints to state insurance departments in Washington [ 28 ] [ 29 ] and Oregon .
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