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No fault insurance reforms lift profits for Allstate
The article notes 23 states adopting no fault auto insurance since 1971, with Florida and New York reforms boosting Allstate dividends. New York's 1977 medical fee schedule and thresholds reduced suits, aiding profitability. Florida reforms through the late 1970s lifted Allstate outcomes with $24 million to policyholders in 1979. Chessie System unveils tariff CCTEA810 cutting chemical and petroleum transport costs 30 to 40 percent within the U S northeast, boosting carload utilization and reducing empty backhauls.
MENTIONED IN THIS ARTICLE
Massachusetts
Florida
New York
Allstate
Chessie System
U.S. Northeast
Chessie
Paul D. Denton
Denton
Charles Center
Baltimore