Latest Allstate Headlines
All the headlines from our Allstate Topic Page, ordered by recency.
Allstate Appoints Ethnic Marketing Directors
Nov 29 2000 // Allstate Insurance Co. has appointed three new ethnic marketing directors to expand business opportunities with Hispanic, Asian and African-American consumers. Leonor Cortez Cockrum, Jennifer Davis and Ken Omura will lead...
Allstate’s ‘AA+’ Affirmed
Nov 27 2000 // The “AA+” insurer FSR on the Allstate Insurance Group, the primary property/casualty operation of the Allstate Corp., was affirmed by Fitch, which indicated that the action reflects such continued strengths at...
Allstate New Jersey Suit Alleges Medical Providers Set up Sham Cos.
Nov 16 2000 // Allstate New Jersey Insurance Co. filed suit in Morris County Superior Court against 39 defendants alleging violations of the New Jersey Fraud Prevention Act, the New Jersey RICO statute, and several sections of the New...
Allstate Life Becomes Allstate Financial; Expands Product Offerings
Nov 3 2000 // The Allstate Life Group of Companies, a business unit of The Allstate Corp., has been renamed “Allstate Financial.” The name reflects an expansion of traditional life insurance products to include savings and...
Allstate Profit Rises on Higher Premiums
Oct 23 2000 // Allstate Corp.’s third-quarter operating earnings rose 34 percent as increased premiums offset higher loss costs. The nation’s second-largest insurer said operating earnings, excluding a restructuring charge...
Online Insurer Esurance Acquired by Folksamerica Holding Co.
Oct 23 2000 // A majority interest in Esurance Inc., a direct-to-consumer online provider of personal lines insurance, was acquired by Folksamerica Holding Co. Inc. It was just the right thing at the right time,” Jean-Bernard...
‘Architect’ Designed His Future
Oct 16 2000 // LeAndre Drake Davis of San Jose was convicted Sept. 8 on 26 federal charges related to three fraud schemes he operated in the wake of the 1994 Northridge earthquake. The 37-year-old man was the president of Shadowbrook...
Esurance Aquired by Folksamerica Holding Co.
Oct 16 2000 // A majority interest in Esurance Inc., a direct-to-consumer, online provider of personal lines insurance, was acquired by Folksamerica Holding Company Inc. “It was just the right thing at the right time,”...
Esurance Acquired by Folksamerica Holding
Oct 9 2000 // A majority interest in Esurance Inc., a direct-to-consumer online provider of personal lines insurance, was acquired by Folksamerica Holding Co. Inc. “It was just the right thing at the right time,”...
Esurance Cuts Staff by 25 Percent, seeks Buyer
Oct 2 2000 // San Francisco-based Esurance Inc. has laid off approximately one-quarter of its staff, according to Jean-Bernard Duler, founder and CEO. “We’re looking into either a merger or an acquisition by an insurance...
CEO of Esurance Confirms Staff Lay-offs
Sep 18 2000 // Jean-Bernard Duler, founder and CEO of San Francisco-based Esurance, confirmed today that the company had laid-off approximately one-quarter of its staff. “We’re looking into either a merger or an acquisition...
Allstate Named ‘Top 10’ Company for Working Mothers
Sep 5 2000 // Working Mother selected this year’s 100 Best Companies based on six criteria: child care, leave for new parents, flexible work arrangements, work/life benefits such as elder care and adoption assistance, and...
UnumProvident Announces Reinsurance Agreements; To Sell Inactive Subsidiary to Allstate
Aug 29 2000 // UnumProvident Corp., the largest U.S. disability insurer, announced the signing of definitive agreements for a series of strategic transactions designed to more closely focus its operations on its core businesses and...
Allstate First to Apply As India Opens Insurance Market
Aug 17 2000 // U.S. insurer Allstate and the U.K.’s Prudential Plc became the first foreign companies to submit applications, in conjunction with their Indian partners, to establish private insurance companies to sell life products...
Allstate Files Suit Against New Jersey Fraud Ring
Aug 16 2000 // Allstate New Jersey Insurance Company filed its second lawsuit Tuesday in the ongoing investigation of a major staged automobile accident insurance fraud ring in Camden County, New Jersey. One hundred seventy-five...
Esurance Extends Auto Insurance to New York, Georgia
Aug 14 2000 // Esurance Inc., a quote-to-claims Internet-based provider of personal insurance, announced the expansion of its auto insurance business to 24 states with the addition of New York, Georgia and Oklahoma. Esurance offers auto...
Personal Auto Profits Plummet
Aug 14 2000 // As Losses Top 66 Percent Will Texas Soon Bench the Benchmark System? Personal auto losses increased last year in 35 of 51 markets across the country, making for an average pure loss ratio of 65.6 percent, the highest level...
Maryland Reaches Agreement with Allstate to Revise ‘Do I Need An Attorney” Literature
Jul 26 2000 // Maryland Insurance Commissioner Steven B. Larsen and Allstate Insurance Company, one of the state’s top-selling insurers, reached an agreement in which Allstate will modify its “Do I Need An Attorney?”...
Allstate Profits Drop 40 Percent
Jul 21 2000 // Allstate Corp.’s second-quarter profits fell 40 percent due, in large part, to a battering of spring storms. The unusually heavy losses from catastrophes were not helped by higher claims and increased competition...
NAII Looks to Reverse Court Ruling, Files Friend of the Court Brief
Jul 11 2000 // The National Association of Independent Insurers (NAII) filed a friend of the court brief on June 28 asking for a reversal of a California Superior Court ruling related to the case of Lugo v. Allstate Insurance Company....
