Allstate Insurance is well known for asking people “Are you in good hands?” Over the years, it has seen its customer base grow larger and larger. Emerging as a division of Sears, Roebuck and Co. in the 1930s, it did not come into its own until sixty years later but has exploded high above the landscape of insurance companies ever since.
It trails only State Farm Insurance and Geico Insurance in providing customers with personal insurance lines. However, with over $30 billion in revenue and $120 billion in assets, it is the largest publicly traded personal insurer. Located in northern Illinois, it has over 37,000 employees, thousands of satellite offices, and total national recognition (thanks in no small part to its tactful sporting sponsorships).
As mentioned above, Allstate Insurance is primarily known for its personal lines of insurance, both for automobiles and homes. These products are typically sold locally through independent agencies or through remote online marketplaces (like Esurance). However, Allstate also offers lines of insurance for small businesses (especially auto dealers), roadside assistance, and household goods. Finally, through its financial division, it is able to provide customers with life insurance, retirement support, health insurance, and other related products.
Due to its size and diversification, Allstate Insurance is able to offer a whole range of products and services at competitive rates. Yet, this success also attracts litigation. What follows is a review of jury awards and settlement amounts over the last ten years (since 2005). This will illustrate the successes and failures that plaintiffs have had against Allstate in court across various categories of cases at the national and Illinois levels.Insight into Jury Verdicts Rendered Against Allstate
Beginning with all litigation against Allstate Insurance after 2005, most cases centered on insurance, employment, or corporate issues. By and large, plaintiffs around the country made out better in awards and settlements than those in Illinois did. For example, more in Illinois received no award or settlement (31%) than did people bringing actions in other states (28%). Also, plaintiffs generally had a higher rate of return in states outside the land of Lincoln: twenty-seven percent (27%) earned more than one hundred thousand dollars ($100,000.00) and eight percent (8%) of that overall group earned more than one million dollars ($1,000,000.00).
Comparatively, only fifteen percent (15%) of Illinois plaintiffs recovered more than one hundred thousand dollars ($100,000.00) and only two percent (2%) recovered more than one million dollars ($1,000,000.00). This left a large block (54%) getting a small sum under one hundred thousand dollars ($100,000.00). Nationally, this figure was only forty-five percent (45%).
Unfortunately, Illinois plaintiffs did not fare any better against Allstate Insurance once we separate insurance and automobile cases from the overall group. In both contexts, the national figures had lower numbers of plaintiffs receiving nothing-four percent (4%) lower in insurance cases and twelve percent (12%) lower in automobile cases than Illinois plaintiffs. Across the country, plaintiffs got more than one hundred thousand dollars ($100,000.00) more than two times the number of Illinois plaintiffs (31% compared to 15%).
The only thing that Illinois beat the nation on was unfortunately the number of plaintiffs recovering less than one hundred thousand dollars ($100,000.00). It was greater than the nation by eleven percent (11%) in insurance cases and six percent (6%) in automobile cases. To summarize, here are a few takeaways regarding litigation against Allstate Insurance over the last ten years (since 2005).
- Illinois accounted for a small percentage of Allstate’s total litigation.
- Insurance cases were over half of all cases at both the national and Illinois level.
- More plaintiffs received nothing in Illinois than did those in the rest of the country.
- Plaintiffs had a better rate of recovery in jury awards and settlement amounts nationally than in Illinois.
After an accident, you should report a claim under your Allstate Insurance policy or under the other party’s Allstate Insurance policy. You can report a claim by logging into their website, calling 1-800-ALLSTATE (1-800-255-7828), or mailing them at:
(For auto claims)
Allstate Insurance Company
P.O. Box 660636
Dallas, TX 75266
Allstate Insurance Company
P.O. Box 12055
1819 Electric Rd. S.W.
Roanoke, VA 24018
After filing a claim, you can seamlessly track its progress on their website. After receiving your claim, Allstate will investigate the facts surrounding the controversy, estimate liability and coverage, and offer a resolution on the matter.Don't Be Lulled Into Dealing With Allstate On Your Own. Hire a Law Firm Who Will Look Out For Your Best Interests in a Chicago Bodily Injury Claim.
While you may believe that Allstate or any other provider may be on your side because you are their customer or because they imply a neutral or supportive opinion on the matter, the fact remains that they are not. They represent the interests of their individual company only-nobody else! Effective legal counsel can be by your side to ensure that your interests are protected and maximized at each stage of the controversy and any possible litigation in the future, from accident to verdict. Do not waste time or dollars. Contact Rosenfeld Injury Lawyers today who can instruct you on what to do so that you receive the justice you deserve.