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Allstate Reduces Mega-Catastrophe Exposure To Protect Customers

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03/21/2007

To help ensure that Allstate continues to deliver quality service to its millions of customer households in the event of future, Katrina-sized storms, the company is taking careful actions to adjust its mega-catastrophe exposure in coastal communities.

Our actions are part of a continuing effort aimed at protecting Allstate customers from the effects of natural catastrophes while strengthening the company for future growth.

Recent Actions by Allstate Floridian:

May 12, 2006 - Allstate Floridian announced it has reached an agreement with Royal Palm Insurance Company, a new property insurer in the state, to offer Allstate Floridian customers and Florida consumers property insurance coverage. Starting in November 2006, Royal Palm will provide property insurance options through the more than 900 Allstate agencies across Florida. Under the agreement, which is subject to closing conditions, up to 120,000 Allstate Floridian policyholders will be offered homeowners coverage from Royal Palm Insurance as their current policies expire and they are not offered renewal by Allstate Floridian.

For more information on the Royal Palm agreement and Allstate Floridian, click here.

To view other recent statements that Allstate has made regarding its catastrophe management strategy visit:

April 18, 2006
Allstate Q1 Earnings Press Release (Download PDF)

January 31, 2006
Allstate 2005 Q4 Earnings Press Release (Download PDF)

January 10, 2006
New Reinsurance Agreements for Hurricanes, Earthquakes and other Catastrophes Exposures

October 19, 2005
Allstate 2005 Q3 Earnings Press Release (Download PDF)

To contact someone in the Allstate media relations department, click here.

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