Statement from Insurance Commissioner Jim Donelon following his
meeting with Allstate President
Released: July 31, 2006
Northbrook, Ill., July 31, 2006Commissioner of Insurance Jim Donelon and Governor
Kathleen Blanco had a forthright discussion with Allstate President Thomas J. Wilson
regarding Louisianas homeowners market and Allstates presence in Louisiana.
Im glad that the president and top management of Allstate have confirmed
that Allstate is not leaving the state, Commissioner Jim Donelon said.
I am pleased that we had this meeting today with the top Allstate officials
so I could hear from the horses mouth where they stand. We will use this as
a basis to go forward in our work and decisions to solve the problem that we face,
which is to ensure that our people across the state have coverage at an affordable
price. Its going to take a great deal of work, and all the resources that
we can bring to bear to solve this problem, Donelon continued.
I look forward to working with the industry, the Legislature, the Governor
and business leaders around the state to help us reach our goal, Donelon said.
However we proceed, we have to keep in mind the obligations imposed by our
consumer protection laws. I made our position clear to Allstate that we will vigorously
resist any effort to cancel the wind and hail portions of homeowners policies
in violation of state law, Donelon said.