Allstate’s appeal for help rejected

Company turned to city council for financial support – but its hopes have been dismissed

Insurance News

By Paul Lucas

One of the giants of the US insurance sector was hoping for a helping hand from Belfast City Council – but its plea for assistance has been refused.

According to a report in The Belfast Telegraph, Allstate wanted help clearing silt from the area around its headquarters in the Northern Ireland capital. It reportedly submitted proposals regarding the development of the site asking the council to “contribute towards the cost of removing and the disposing of the contaminated silt at the Maysfield water inlet.”

However, the request was rejected by the strategic policy and resources committee.

The publication reports on council minutes revealing the committee “agreed not to accede to the request from Allstate to contribute towards the cost of removing and the disposing of the contaminated silt at the Maysfield water inlet.”

The land was bought by Allstate last year having been on the market for £1.7 million. The company is now building a six-storey head office at the site, which is expected to create 150 jobs over the next two years.

Allstate NI is currently the largest IT employer in Northern Ireland with additional offices in Strabane and Londonderry.


Related stories:
Allstate targets UK expansion
Major US insurer starts work on huge Ireland office
 

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