Allstate is actively involved in public policy advocacy at the state and federal levels.
Corporate Involvement in Public Policy
Allstate is actively involved in public policy advocacy at the state and federal levels. Extensive state-based regulation of insurance, the importance of a fair court system to our customers, and the priority we place on personal safety and property protection combine to compel Allstate to seek to shape sound public policy. By participating in the development of good public policy and offering ideas and resources in this arena, we help our customers protect themselves from life’s uncertainties and prepare for the future.
Board Oversight and Contribution Governance
Allstate maintains a rigorous oversight process for its advocacy efforts. In addition to complying with public disclosure laws at the state and national levels, we maintain internal guidelines and procedures that govern our public advocacy and political activities. Proposals are developed by subject matter experts and personnel within the Government and Industry Relations group for contributions to candidates as well as public policy involvement. With regard to corporate contributions to candidates, our General Counsel and the Senior Vice President for Government and Industry Relations determine the candidates and committees to which our support is offered. These contributions are subject to further oversight by the company’s Board of Directors.
Subject matter experts and government relations professionals in the company are responsible for working with organizations and associations that the company supports. Proposals related to the company’s involvement in public policy and candidate contributions are reviewed by the Senior Leadership Team and reports are presented to the Board annually. In addition to the company’s internal guidelines and procedures governing public advocacy and political activities, direct corporate political contributions are made as permitted under federal, state, and local laws to help elect candidates whose views and positions will improve the insurance market place for the corporation, the insurance industry, and the insurance consumer.
Allstate’s use of corporate resources in the public policy arena is consistent with the company’s strategic vision of reinventing protection and retirement for the consumer and is not based upon the personal views of any individual member of management or the Board of Directors. The specific deployment of corporate resources is presented formally to the Board each year and is always guided by the principle of what is best for the interests of our shareholders, employees, agencies, and customers.
As part of our public policy efforts, the company supports various organizations, including those that may engage in lobbying activities, and contributes to candidates and political committees. Our resources are allocated among the following categories: research, coalitions, national trade associations, state trade associations, advocacy professionals, and corporate political contributions. This report describes each of the categories and the amount we spend in each category. We devote approximately 50% of these corporate resources toward research. Approximately 72% of the total company support was directed to tax deductible, non-lobbying endeavors.