| Insurers Lauded at IMCA's 2007 Showcase Awards
NEWPORT, R.I.-Nationwide Mutual Insurance Co., Allstate Insurance Co. and Fireman's Fund Insurance Co. were the big winners in the Insurance Marketing Communications Assn.'s 2007 Showcase Awards.Columbus, Ohio-based Nationwide won 12 awards at the event, Northbrook, Ill.-based Allstate won seven and Novato, Calif.-based Fireman's Fund won five best of show honors.Los Angeles-based Farmers Insurance Group received the annual SAMMY award given for the overall best in show as voted by IMCA members attending the annual gathering.
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Allstate to renew 1000 more coastal policies
Allstate Insurance Co. is renewing an additional 1,000 policies. Allstate officials credit state efforts to expand the wind pool along the coast with creating the market conditions to allow them to renew policies previously slated to be dropped in Charleston, Georgetown and Horry counties. Coastal market conditions are continuing to improve, said Nancy Lemke, an Allstate spokeswoman. Lemke said expanding the states wind-pool boundaries helped Allstate officials decide to renew more policies. The wind pool is a fund that insurance companies pay into that provides wind and hail coverage to homeowners in specified area along the coast. Insurers can but are not required to include wind and hail coverage in policies issued n this area.
Allstate Captures the Condo Crowd
IRVING, Texas, July 24 /PRNewswire-FirstCall/ -- Texans are going vertical. Real estate research firms report more than 3,000 new condominium units hit the market in each of several Texas cities last year. With Texans going condo, so is Allstate Insurance Company. The state's second largest home and auto insurer is launching condominium insurance for Texas consumers. "Allstate's new condo insurance policy fits the lock and leave lifestyle," said Bernie Henyon, Allstate exclusive agent in Ft. Worth. "This is one way Allstate in Texas is looking at lifestyle trends to build a wide range of products and services fitting the communities we serve." Henyon says a combination of young adults and empty nesters, both wanting to live closer to the action of downtown cultural areas and leave the lawn mowers behind, are driving interest in new condos and condo insurance.
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