Knight Ridder/Tribune Business News - Allstate to refund homeowner premium money to Texas customers.

By Cheryl Berzanskis, Amarillo Globe-News, Texas Knight Ridder/Tribune Business News
Aug. 17–Allstate, the state’s second-largest home insurer, announced it will refund about $60 million in premiums to about 686,000 Texas customers.
The one-time refund represents 8.75 percent of the premiums paid, plus interest, on home-insurance policies with effective dates from Sept. 7, 2003, through Sept. 6, the company said.
Allstate already had reduced its Texas homeowner rates by 10.1 percent last year.

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For current policyholders, the refund will be issued as a credit on their …

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