Latest Allstate Headlines
All the headlines from our Allstate Topic Page, ordered by recency.
Allstate Q4 Catastrophe Loss Tempered by Higher Premiums, Reduced Auto Claims
Feb 8 2019 // The Allstate Corp. lost $312 million in its 2018 fourth quarter, which was attributable to higher catastrophe losses, lower investment income and a pension settlement charge. Catastrophe losses hit $963 million, versus...
Allstate, State Farm, USAA Sue California Utility Over Wildfires
Jan 8 2019 // Several insurance companies have filed lawsuits blaming Pacific Gas & Electric Co. for a deadly California wildfire that destroyed 14,000 homes and triggered billions of dollars in insurance claims. The lawsuits filed...
Allstate’s Shares Fall Under Weight of Wildfire Losses
Dec 17 2018 // Allstate Corp. tumbled for nine straight days, the longest string of losses since 2001, as coverage costs from the deadliest fires in California’s history are tallied. The company seemed to have “out-sized...
Allstate Says Losses from California Fires $670M, CEO Wants to Address Climate Change
Dec 13 2018 // Allstate this week announced estimated catastrophe losses for the month of November 2018 of $685 million, pre-tax ($541 million, after-tax). Catastrophe losses occurring in November comprised six events at an estimated...
Morgan Stanley: State Farm, Allstate Largest Insurers Exposed to Alaska Quake
Dec 3 2018 // State Farm, Allstate and USAA have the lion’s share of exposure from the magnitude 7.0 earthquake that struck Alaska on Nov. 30, according to a Morgan Stanley Research brief put out on Monday. The epicenter was...
Allstate Reported to Be Weighing Sale of Fixed-Annuities Business
Nov 9 2018 // Allstate Corp., the automobile and home-insurance giant, is exploring a sale of its fixed-annuities business, which stopped selling new policies about five years ago, people familiar with the matter said. The insurer is...
Allstate Reports $186 Million in Hail, Other Catastrophe Losses in August
Sep 21 2018 // The Allstate Corporation said estimated catastrophe losses for the month of August were $186 million, pre-tax ($147 million after-tax). Catastrophe losses occurring in August comprised 16 events at an estimated cost of...
Allstate: Brownsville, Texas, Has the Nation’s Safest Drivers
Sep 17 2018 // Illinois-based insurer, Allstate, has named Brownsville, Texas, the city with America’s safest drivers. In fact, including Brownsville, five of the top 10 cities with the nation’s safest drivers are in...
Allstate Says Brownsville, Texas, Has the Nation’s Safest Drivers
Aug 30 2018 // Illinois-based insurer, Allstate, has named Brownsville, Texas, the city with America’s safest drivers. The ranking is based on Allstate claims data. The 14th annual Allstate America’s Best Drivers Report...
Allstate to Acquire Identity Theft Protection Firm InfoArmor
Aug 27 2018 // The Allstate Corp. has agreed to acquire InfoArmor, a provider of employee identity protection, for $525 million in cash. The insurer said it sees “significant opportunity to cross sell” the new product through...
How Much Americans Could Save by Choosing Ridesharing Driverless Cars Over Owning Personal Vehicles
Jul 16 2018 // Self-driving cars promise safer roads, less traffic and increased mobility. Some autonomous vehicle proponents also maintain they will save time and money. But will they really save Americans time and money? And even if...
How Much Americans Could Save by Ridesharing Driverless Cars Over Owning
Jul 3 2018 // Self-driving cars promise safer roads, less traffic and increased mobility. Some autonomous vehicle proponents also maintain they will save time and money. But will they really save Americans time and money? And even if...
Beware ‘Tsunami’ Effect of Artificial Intelligence, Warns Allstate CEO Wilson
Jun 29 2018 // Artificial intelligence is coming for the service economy, according to Allstate Corp. Chief Executive Officer Tom Wilson. “It’s going to rip through this economy like a tsunami,” Wilson said Thursday in...
Distribution Overpowers Underwriting. How CNA Ex-CEO Chookaszian Views Industry’s Past, Present and Future
Jun 1 2018 // The former chief executive of an insurance company believes the center of value of the property/casualty industry has shifted away from one of the activities that would seem to define an insurance risk-taking enterprise:...
Fired Allstate Employee Awarded $18M by California Jury
May 7 2018 // A former Allstate Insurance Co. employee who was fired following an arrest has been awarded more than $18 million in damages. The San Diego Union-Tribune reports a San Diego jury awarded 55-year-old Michael Tilkey about...
Allstate: Collin County Is Texas’ Stormiest
Mar 1 2018 // Texas storms affected more Allstate insured homes in Collin County than any other part of the state over the past ten years. Allstate tallied the top 25 Texas counties affected by severe weather, identifying areas with...
Investments, Tax Cuts Boosted Allstate Profit in Q4
Feb 8 2018 // The Allstate Corp., like many carriers, faced an enormous hit from natural catastrophe losses in the 2017 fourth quarter. Investment returns soared by double digits, however, and the Trump tax cuts gave it a one-time gain,...
Esurance Now Offering Rideshare Coverage in California
Jan 31 2018 // Esurance has launched a new insurance option for Californians who drive for rideshare companies, such as Uber and Lyft, that offers protection whether the driver is waiting for a ride request, on the way to pick up a...
3 Changes at the Top at Allstate as Winter to Retire as President
Jan 5 2018 // Allstate announced three senior leadership promotions in preparation for the retirement of Matt Winter, president of The Allstate Corp. The promotions include Steve Shebik to vice chairman of The Allstate Corp., Glenn...
Allstate Sues Former Agent Over EA Agreement in Mass. Federal Court
Nov 20 2017 // Allstate is suing one of its former agents in United States District Court for the District of Massachusetts, alleging the agent breached a one-year non-compete clause by misusing Allstate’s confidential information...
