Can you imagine Allstate Insurance Company running an advertisement explaining that it tries to deduct labor costs as depreciable items when you make a homeowners claim? Allstate runs television ads trying to warn against “cheap” insurance but fails to disclose that it instructs its claims adjusters to cheapen its insurance product when it comes to paying its customers’ insurance claims.
Continue Reading Can My Insurance Company Deduct Labor Costs When I Have A Replacement Cost Policy? What Allstate Does Not Say In Its Ads
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Ask an Allstate Insurance Agent
By Edward Eshoo on
As I was walking to catch a train here in Chicago the other day, I saw numerous billboard advertisements throughout the station for Allstate insurance. Each advertisement posed an insurance question and told the reader to ask an Allstate insurance agent, thus suggesting the agent would know the answer.…
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Federal District Court Weighs in on Whether Labor Can Be Depreciated in Arriving at an Actual Cash Value Loss Settlement
By Edward Eshoo on
Posted in Allstate, State Farm
Whether labor can be depreciated in arriving at an actual cash value property loss settlement has been a hot topic of debate over these past five years. A federal district court in Ohio recently weighed in on the issue in ruling on motions to dismiss two putative class action lawsuits, one against State Farm Fire & Casualty Company1 and one against Allstate Indemnity Company.2…
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Allstate’s 180-Day Dwelling Replacement Requirement Trumped by the Illinois Standard Fire Policy
By Edward Eshoo on
Posted in Allstate
Under the powers vested by sections 397 and 401 of the Illinois Insurance Code, the Director of Insurance has promulgated certain regulations which provide for a Standard Fire Policy.1 Under the regulations, all fire insurance policies must “conform to such form of the Standard [Fire] Policy or, if another form is used, shall for…
Allstate Voids Policy and is Awarded Damages Due to Policyholder Misrepresentations
By Merlin Law Group on
Posted in Allstate, Court Opinion
On November 22, 2016, Judge Berle M. Schiller from the District Court for the Eastern District of Pennsylvania issued his Opinion and Order in Payne v. Allstate Insurance Company, granting summary judgment to Allstate and awarding them $25,000 in damages, after finding that the Plaintiff made material misrepresentations while securing the homeowners policy.…
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Lawyer Sued For Filing Claims on Behalf of Policyholders He Does Not Represent
By Chip Merlin on
Posted in Allstate
I suppose if business is really bad for some lawyers, they could just fantasize about representing people and seeking justice. If the pleadings filed by Allstate are true, one Texas lawyer went beyond fantasy and literally filed insurance claims and threatened lawsuits on behalf of policyholders he never represented. The story was reported by Texas Lawyer. It stated in part the following:
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Insurance and Insurance Claims Handling Involves the Public Trust
By Chip Merlin on
Posted in Allstate
Virtually every aspect of insurance involves the public trust. The insurance industry does not disagree. This was a point we made in an amicus brief filed in Jacobsen vs. Allstate Insurance Company, a case pending before the Montana Supreme Court.
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Allstate Corporation Posts Best Quarterly Profit Since 2007
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Posted in Allstate
According to this article in The Inquisitr, Allstate Corporation, the largest publicly traded insurance company, had a net income of $766 million in the first quarter of 2012. Last year, Allstate’s first quarter income was a mere $524 million.
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Alleged Improper Conduct Might Not Be Bad Faith
Many bad faith cases against insurance companies allege improper or inappropriate behavior toward an insured. Sometimes, this conduct rises to the level of bad faith, and other times it does not. This week, I write about a case where a court agreed that the carrier breached the contract, but not in bad faith.
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No Push Back from Texas Department of Insurance on Allstate Rate Increases Despite Allstate $750 Million Operating Income in Fourth Quarter of 2011
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Posted in Allstate, Consumer Protection
As expected, the Texas Department of Insurance – the government regulator in charge of overseeing the insurance industry (also known as “protecting the public”) – has approved Allstate Texas Lloyd’s request to raise rates across Texas by 5.7%. The Texas Department of Insurance has the ability to deny any requested rate hike if it determines that the rate increase is excessive, discriminatory, or inadequate. Kristen Beaman, an Allstate spokesperson, said that the Texas Department of Insurance has decided to take no action on recent increases.