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.
Posted by Tom Troceen