Allstate, Nationwide subpoenaed by U.S. grand jury over Katrina (AP)

[Eugene]

Source: Associated Press

Allstate, Nationwide subpoenaed by U.S. grand jury over Katrina

By Dave Carpenter
ASSOCIATED PRESS

4:16 p.m. May 18, 2007

CHICAGO – Allstate Corp. and Nationwide Mutual Insurance Co.
have been subpoenaed by a federal grand jury investigating the
insurance industry's handling of Hurricane Katrina claims in
Mississippi, the companies said Friday.

Allstate, the nation's second-largest property and casualty
insurer behind State Farm, said it is working with the U.S.
attorney's office to comply with the subpoena.

The company said in a regulatory filing that it “remains confident
in its claim settlement practices following Hurricane Katrina and
is committed to resolving all claims fairly and appropriately.”

-snip-

Nationwide spokesman Joe Case said the Columbus, Ohio-based
insurer received the subpoenas within the past week, but he
couldn't specify what the grand jury is seeking.

-snip-

Read more: http://www.signonsandiego.com/news/business/20070518-1616-allstate-katrina.html

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Also: Allstate gets subpoena from U.S. grand jury - Reuters

[aquart]

1. Hopefully, their heads.