The Allstate Corp. moved closer to its complete exit from the life insurance and annuity business with the closing of the sale of its Allstate Life Insurance Company of New York to Wilton Re for approximately $400 million. The ALNY …
Losses from Hurricane Maria and other recent 2017 natural catastrophes, including Hurricanes Irma and Harvey, the Mexico City earthquakes and other events, have led global insurers and reinsurers to issue profit warnings. Below are statements from insurers and reinsurers in …
Answer Financial, a personal lines insurance agency in the U.S., has expanded its insurance comparison platform to include homeowners and condo insurance. The expansion enables shoppers to compare rates and customize coverages from multiple homeowner insurers online. Answer represents several …
The Allstate Corp. has promoted Patrick Macellaro, vice president, Investor Relations, to president of the Encompass insurance companies. Macellaro will report to Don Civgin, president, Emerging Businesses. Macellaro has more than 20 years of experience in the insurance and finance …
The Allstate Corp. announced estimated catastrophe losses for the month of April 2016 of more than $600 million, pre-tax ($411 million after-tax). Half of the losses stem from one severe hail event in Texas last month. Catastrophe losses occurring in …
The Allstate Corp. this week announced estimated catastrophe losses for the month of March of $638 million pre-tax, and an estimated $827 million pre-tax for first quarter 2016, in the wake of severe hailstorms in the Southwestern and Southern U.S. …
New York’s Financial Services Superintendent Benjamin Lawsky has directed insurers that are licensed to write commercial property or liability business lines in the state to submit information on how they are responding to Congress’ failure so far to reauthorize the …
The Allstate Corp. announced organizational and leadership changes in its personal lines management, agency distribution, multiple-customer operations and technology that CEO Thomas J. Wilson says prepare the company to serve the next generation. “These changes will help us build the …
The Allstate Corp. reported that it expects to report a fourth-quarter 2013 settlement charge of $100 to $125 million, after-tax, related to the annual measurement of its pension obligations as of Dec. 31, 2013. Settlement charges are non-cash charges that …
New York Gov. Andrew Cuomo’s administration announced it has approved Esurance’s new telematics program designed to help prevent teens from texting while driving. This new voluntary program, called “DriveSafe,” allows Esurance policyholders to install a device, free of charge, in …
