Violation Tracker Individual Record

Company: 
Allstate Texas Lloyd's
Current Parent Company: 
Allstate
Penalty: 
$71,300,000
Year: 
2008
Date: 
May 13, 2008
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
insurance violation
Violation Description: 

The Texas Department of Insurance and Allstate reached an agreement to give residential policyholders in the state about $71.3 million in refunds, credits and rate reductions in order to end what had been a lengthy dispute with regulators about rates and timing issues.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Texas Department of Insurance
Civil or Criminal Case: 
civil
Facility State: 
Texas
HQ Country of Parent: 
USA
HQ State of Parent: 
Illinois
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
insurance
Source of Data: 

Allstate Reaches Deal With Texas Over Homeowners Rates, Bestwire, May 13, 2008 (via Nexis).

Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.