Released: July 27, 2006
Commissioner of Insurance Jim Donelon and Allstate President and Chief Operating
Officer Thomas Wilson will meet Monday, July 31 at the company's headquarters in
Commissioner Donelon requested the meeting with top company management after local
representatives threatened that Allstate will leave the Louisiana homeowners market
if they are not allowed to circumvent state law by dropping wind and hail coverage
on 30,000 Homeowners in 18 parishes.
Donelon says the states consumer protection statutes prohibit any such move
by Allstate to change or cancel a policy that has been in effect for more than three
years. "It is a law unique to Louisiana that has been on the books since 1992,"