Stock Quote        
  Join        Login  
logo

Allstate Hails Congressional Action That Will Help Save Thousands of Young Lives

Friday, June 29, 2012 3:43 PM

Congress passes Surface Transportation Reauthorization Bill that addresses the epidemic of teen driving deaths

NORTHBROOK, Ill., June 29, 2012 /PRNewswire/ -- Allstate Insurance Company's Chairman, President and Chief Executive Officer Thomas J. Wilson today praised Congress for including incentive grants to encourage states to adopt optimal graduated driver licensing (GDL) laws as part of its just-passed Surface Transportation Reauthorization Bill. Allstate has been a leading and tireless advocate for graduated driver licensing provisions that help protect teen drivers.

"We applaud Congress for taking a major step forward to support efforts to reduce the number of teenagers that die in auto accidents. Our employees and agency owners are proud to be part of a bipartisan coalition of legislators, public safety officials and grieving parents that have led the effort to save thousands of teens who die every year," said Wilson.

Graduated driver licensing laws require new young drivers to gain experience under supervised and less risky conditions so they can become responsible and safe drivers.  Research has shown these requirements can reduce fatalities by up to 40 percent.  

"This legislation will provide incentives to states to ensure this research is fully considered in the establishment of their GDL standards. We will continue to work with state and local leaders to implement appropriate driver licensing laws," concluded Wilson.  

For more information about Allstate's support of graduated driver licensing laws, please visit www.Allstate.com/STANDUP.

The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held personal lines insurer, serving approximately 16 million households through its Allstate, Encompass, Esurance and Answer Financial brand names. Widely known by its slogan "You're In Good Hands With Allstate®," Allstate offers insurance products (auto, home, life and retirement) and services through Allstate agencies, independent agencies, and Allstate exclusive financial representatives, as well as via www.allstate.com and 1-800 Allstate®. As part of Allstate's commitment to strengthen local communities, The Allstate Foundation, Allstate employees, agency owners and the corporation provided $28 million in 2011 to thousands of nonprofit organizations and important causes across the United States.

SOURCE Allstate Insurance Company

(Source: PR Newswire )
(Source: Quotemedia)

Follow iStockAnalyst on Twitter Follow iStockAnalyst on Twitter
Subscribe to Email Alerts
Advertisement
Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 




Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.