The Board of Directors of the Personal Insurance Federation of California (PIFC) has voted unanimously to accept Allstate Insurance Co. as the newest member of PIFC.
Allstate is the first new company to join PIFC in 15 years. Allstate joins the five other companies that comprise PIFC – 21st Century, Farmers Insurance Group, Progressive Insurance Group, Safeco, and State Farm Insurance Companies, which combined represent more than $12 billion of personal lines premium written in California. The National Association of Mutual Insurance Companies (NAMIC) is an associate member of PIFC.
Allstate is the fourth largest automobile insurer in California, and the third largest homeowners insurance carrier. In 2008, Allstate invested nearly $4 million into California municipal bonds, and contributed more than $660,000 to non-profit organizations through the Allstate Foundation. The Allstate Corporation is the nation’s largest publicly held personal lines insurer. The company sells 13 major lines of insurance, including auto, property, life and commercial. Allstate also offers retirement and investment products and banking services.
PIFC is California’s personal lines trade association representing the leading automobile, homeowners and earthquake insurers. PIFC represents its member companies before state executive, legislative and judicial bodies on issues of importance to the personal lines industry.