Will Not Participate in TARP, Company Announces
May 19, 2009
Allstate Corp. officials announced today that the company has completed
its review of the U.S. Treasury's Capital Purchase Program, a component
of the Troubled Asset Relief Program (TARP) and will not participate
"We applaud the administration's decision to include insurers
in the U.S. Treasury's programs," says Thomas J. Wilson, chairman,
president and chief executive officer. "Given Allstate's strong
capital and liquidity positions, however, we will not participate
in this program."
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