While other companies have been asking lawmakers for aid and support during the coronavirus pandemic, insurance company Allstate has spent its time lobbying against government intervention in their work.
The head of Allstate’s D.C. office, Saat Alety, successfully lobbied Congress against retroactively rewriting business interruption insurance contracts to cover lost income due to COVID-19 closures, an idea Democrats were pushing.
“The COVID-19 story that we have to tell in the insurance industry and for Allstate is a fascinating one. I would categorize this concept of government retroactively rewriting insurance policies as one of the worst ideas that emerged as a solution to the pandemic,” Alety told The Hill in a recent interview.
“Obviously the small-business community is in pain in this country, and Congress has tried to give them some relief and probably needs to do more, but having government rewrite our policies is to the extreme detriment of our