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Wednesday, April 7, 2010 as of 11:14 AM ET

The Casone Exchange
  • May 3, 2011 08:07 PM UTC by Cheryl Casone

    Allstate CEO: "We are on the ground and ready to help"

    Today Allstate CEO Thomas Wilson joined me for an exclusive interview from the Milken Global Conference in Los Angeles. He has been on his bullhorn for two years plus that the insurance industry should be regulated by the Federal Government. He says it is “ridiculous” that states sit in charge of regulation when it truly should be a one size fits all mandate by Uncle Sam. Each state has different rules, so it makes it difficult for companies like Allstate, Prudential, and State Farm to comply.  They DO IT, but they charge higher prices for consumers because of the red tape, and he insists if we make this change, consumers will win.

    He also said that Allstate has set up two command centers in Alabama and are continuing to monitor how they can handle claims that are sure to be in the millions of dollars.  He also was very honest about why he hasn’t met the standards set forth in his contract for his full bonus as CEO.

    Watch here!


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about this blog

  • Cheryl Casone joined FOX Business Network (FBN) in September 2007 as an anchor. Prior to FBN, Casone served as a correspondent for FOX News Channel’s (FNC) business unit and was a regular guest on FNC’s Your World with Neil Cavuto. Casone brings years of experience covering finance, business, and consumer news to FBN.

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