Allstate News

Big Data Gathered by Twitter Monitoring Could Cut Premiums – and Erode Privacy

When people take to Twitter to comment on the great evening they enjoyed with good food and wonderful friends, reducing their monthly insurance bill is probably the last thing on their mind. But such tweets could help insurers to price …

Report: Some Illinois Insurance Companies Forcing Roof Replacements

When Dennis Roberts’ car insurance started getting a bit too expensive, he did what a lot of consumers do and shopped around. Then he picked a new company and switched both his home and auto coverage, never expecting what it …

Allstate Offers Home-Sharing Insurance Endorsement in Michigan

Allstate is now offering a home-sharing endorsement in Michigan for homeowner insurance customers who rent out their homes on a temporary basis. With participation in the home-sharing economy expected to quadruple over the next few years, Allstate said it is …

10 Arrested in North Carolina Staged Auto Accident Ring

Nine residents in Pitt County, North Carolina, were arrested in connection with an alleged staged auto accident ring, according to a statement from the North Carolina Department of Insurance (NCDOI). Investigators allege the accused staged seven separate vehicle crashes between …

Chubb Estimates Q2 Cat Losses to Rise 54% from Q1 2016

Property and casualty insurer Chubb Ltd. estimated natural catastrophe losses for the second quarter to be about 54 percent higher than the first quarter, indicating another quarter of high losses due to natural disasters for insurers. Multiple weather events in …

Jury Awards $27M to Four Fired Allstate Employees in Illinois

A federal jury has awarded more than $27 million to four former Allstate employees who sued the insurer for defamation. The Chicago Tribune reported the employees worked for a now-defunct equity division of the Northbrook, Illinois-based company. According to court …

Randall, Smith Top Allstate’s List of Stormiest Texas Counties

Texas storms affected more Allstate insured homes in Randall county than any other part of the state over the past five years, while Smith county saw the highest frequency of lightning. Allstate tallied the top 25 Texas counties affected by severe weather; identifying areas with …

Allstate Moving 400 Tech Jobs to Chicago

Insurance company Allstate has announced plans to open an innovation hub with 400 employees at Chicago’s Merchandise Mart. The Northbrook-based company announced that the 45,000-square-foot office space will house the company’s Quantitative Research & Analytics and Connected Car teams. The …

Mass. AG: Encompass to Pay for Repair of Vehicles Brought to Unregistered Shops

A subsidiary of Allstate has agreed to pay for the correction of faulty repair work performed on motor vehicles brought to unregistered body shops in Massachusetts, Attorney General Maura Healey announced on Sept. 24. The assurance of discontinuance with Encompass …

Allstate to Offer Ridesharing Endorsement in Four States

Allstate has launched a “Ride for Hire” endorsement for qualified transportation network company drivers that will be available in four states – Colorado, Illinois, Texas, and Virginia – by the end of this year. The Allstate Ride for Hire endorsement …