The Allstate Insurance Company subsidiary Allstate Corporation has revealed that the Superior Court of New Jersey (NJ) has discharged all claims in the franchise lawsuits filed against Allstate New Jersey.
Allstate has been sued by three exclusive agents over agency agreements for failing to meet certain business objectives in 2011.
The agents assumed that they were protected under the New Jersey Franchise Practices Act and had licence relationships with Allstate New Jersey.
The court has said that the agents have no protections under the New Jersey Franchise Practices Act and were not franchisees.
The court also notified that the insurance industry never been found by any court to be an agent franchisee, or insurance company franchisor anywhere.
The decision affirms the Allstate statement that the exclusive agents are not franchisees and independent contractor agents.