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Allstate (NYSE: ALL) announced today that the public auction of a recovered 1965 VW Bus totaled $29,573.50. Last week Allstate announced it would sell the recovered 1965 Volkswagen Bus at auction and donate 100% of the proceeds to Lydia Place, a nonprofit organization in Washington State serving homeless women and children impacted by domestic violence. "The women of Lydia Place need economic stability, secure housing, and life skills training to empower them to be successful and overcome the devastating effects of domestic violence," said Teresa Josephson, Executive Director, Lydia Place. "Allstate and Lydia Place both share the belief that domestic violence survivors must achieve economic stability in order to live free of abuse. We are grateful to receive the proceeds from the VW Bus auction, as these funds lend additional resources to achieving our vision, that future generations will experience life free from violence and homelessness." The 1965 VW Bus was reported stolen nearly four decades ago by an Allstate customer and resident of Washington State. Allstate paid the customer's claim and, as part of the claims process, the vehicle title was transferred to Allstate. The vehicle was missing for 35 years until October of this year, when it was discovered during a U.S. Customs Service inspection of a shipping container departing for the Netherlands. U.S. Customs, the California Highway Patrol, and the National Insurance Crime Bureau conducted an investigation of the vehicle's history, which includes several possessors in multiple states across the country during the last 35 years, and concluded that Allstate is the lawful titleholder. Working with national auction vendor, Copart, Allstate made the 1965 VW Bus available for public auction on Friday, December 18, 2009. "Allstate has a long history of supporting domestic violence survivors through The Allstate Foundation and our financial literacy programs," said Michelle Lee, field vice president of Allstate's northwest region. "This unique situation presented us with a truly unique opportunity to help women and children in Washington State at this critical time of year." Lydia Place is a six-month transitional housing program that serves women and their children by offering shelter, life-skills training, and support needed to enable them to move from poverty to self-support and independence. Ninety-five percent of the families that come to Lydia Place have experienced domestic violence and the fear and abuse these women have endured in their relationships have resulted in poor self-esteem, inability to trust, and difficulty focusing on daily tasks. Since 1991, 245 families have found safe and supportive shelter at Lydia Place. The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held personal lines insurer. Widely known through the "You're In Good Hands With Allstate®" slogan, Allstate is reinventing protection and retirement to help more than 17 million households insure what they have today and better prepare for tomorrow. Consumers access Allstate insurance products and services through Allstate agencies, independent agencies, and Allstate exclusive financial representatives in the U.S. and Canada, as well as via www.allstate.com and 1-800 Allstate®. Contact: Megan Brunet (847) 226-4098
Article Source: http://www.bharatbhasha.net Article Url: http://www.bharatbhasha.net/automobiles.php/223305 Article Added on Thursday, March 11, 2010
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