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August 19, 2004

Allstate to give refunds — $91 on average — as part of a $60 million state settlement

More Texas homeowners are getting a break on their insurance rates.

Allstate Texas Lloyds has agreed to refund $60 million to its policyholders — an average of $91 to each homeowner insured. With Monday's announcement, Allstate becomes the largest insurer in the state to roll back rates as part of a settlement reached with the Texas Department of Insurance last year.

Read the full story at HoustonChronicle.com

Posted by Tom Troceen


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