Lacher succeeds George Ruebenson, who will retire after nearly 40 years at Allstate. Ruebenson remains with the company through Dec. 31, 2009, and will work closely with Lacher to ensure a smooth and effective transition.
Prior to this, Lacher served as CEO of personal insurance and EVP at
"Joe's deep industry experience and track record of success will allow him to make an immediate contribution to driving progress," Wilson said.
The two companies, units of Japan-based Tokio Marine Holdings Inc., said the decision will affect 12,556 policies with premiums of $11.3 million.
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Allstate found that customers who use Drivewise are 25% less likely to experience a severe collision than those who don't.
