The Car and Truck Fleet and Leasing Management Magazine

Allstate Agrees to Cut Calif. Insurance Rates

May 01, 2008

CHICAGO --- After months of fighting with California insurance regulators, Allstate Corp. has relented and agreed to follow state orders to cut its rates in the state by 15.9 percent by May 12.

The state originally ordered Allstate to cut prices back in February, after concluding the company's rates were excessive. But Allstate challenged the order and asked for a stay. The stay was denied.

In a released statement, California Insurance Commissioner Steve Poizner said the state would have a "zero tolerance policy towards further delays by Allstate in implementing a 15.9 percent reduction in auto insurance rates."

Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

FleetFAQ

Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All

 

Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All

 

Sponsored by

The Ford Transit Connect is a van designed to meet the specific needs of small-business proprietors, taxi fleets, and commercial fleets of any size.

Read more

Accident Costs Calculator

DO YOU KNOW HOW MUCH REVENUE IT TAKES TO OFFSET FLEET ACCIDENT COSTS?
Use this calculator to see how much extra sales revenue your company needs to generate to make up for the profits lost as a result of fleet accidents.
Launch Accident Cost Calculator 

Up Next

More From The World's Largest Fleet Publisher