Latest Allstate Headlines
All the headlines from our Allstate Topic Page, ordered by recency.
Insurance Safety Institute Elects Board Members; Allstate’s Yager Becomes Chairman
Feb 10 2017 // The Insurance Institute for Highway Safety is pleased to announce the election of Floyd M. Yager as the new chairman of its board of directors. Yager is senior vice president, property product management, Allstate...
Allstate Profit Up for 2016 Despite Higher Catastrophe Losses
Feb 3 2017 // Allstate ended 2016 with a solid profit thanks to premium hikes and tighter underwriting, despite a $853 million jump in catastrophe losses over the previous year. The property/casualty insurer ended up with more than $2.5...
Allstate’s ‘Worth Telling’ Campaign Celebrates Black History Month
Jan 30 2017 // In celebration of Black History Month, which begins Feb. 1, Allstate Insurance Co. is launching its annual digital, social and radio campaign, “Worth Telling.” “We are celebrating Black History Month by...
Device Insurer Bought by Allstate for $1.4 Billion Lost Money Last 5 Years
Jan 5 2017 // – Allstate Corp. said that the mobile-device insurer that it acquired for $1.4 billion had posted five years of losses before the deal. SquareTrade Holding Co.’s annual loss narrowed to $26.5 million in 2015...
Allstate Continues Its Technology Drive, Invests in Autonomous Vehicle Research at Stanford
Dec 15 2016 // Allstate Insurance Co., the nation’s largest publicly-held personal lines insurer, is continuing its drive into new technology, agreeing to a multi-year research project with the Intelligent Systems Laboratory at...
Allstate to Pay $1.4 Billion for SquareTrade, Seller of Warranties for Mobile Devices, Appliances
Nov 28 2016 // The Allstate Corp. agreed to acquire SquareTrade, a consumer electronics and appliance protection plan provider that distributes through many of America’s major retailers. Allstate said it will acquire the...
Allstate, Esurance Take Hit from Losses in Q3
Nov 4 2016 // Catastrophe losses climbed 78 percent for Allstate in its 2016 third quarter, a trend that led to a double-digit drop in net income and higher losses for Esurance, its online auto and home insurance provider. The...
Could Allstate’s ‘5 Minute’ Small Business Policy Transform Commercial Lines Sales?
Oct 19 2016 // At a time when technology startups are also targeting the small commercial insurance market, giant Allstate has debuted a hi-tech business insurance quoting platform that it says makes it possible for small business owners...
Esurance Doubles-Down on Election Coverage Prank with Sweepstakes
Oct 10 2016 // Online insurance seller Esurance, which offered fake Election Insurance in an April Fools’ Day prank that it says created a “furor of demand” from Americans this election year, has created a sweepstakes...
Allstate CEO Driven by Opportunity in Transportation Disruption
Sep 14 2016 // Allstate Corp., the largest publicly traded U.S. home and auto insurer, said the country’s transportation network is highly inefficient, with vehicles sitting idle for most of the day, and that the company is betting...
Allstate Offers Home-Sharing Insurance Endorsement in Michigan
Aug 25 2016 // 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...
North Carolina Agent Accused of Submitting Fraudulent Auto Policies to Allstate
Aug 22 2016 // A North Carolina insurance agent has been arrested and accused of creating false auto policies, according to a statement from North Carolina Insurance Commissioner Wayne Goodwin. Eddie Ray Butler, 29, formerly of...
Allstate Launches Stand-Alone Telematics Unit
Aug 4 2016 // Allstate Corp. Chief Executive Officer Tom Wilson created a stand-alone unit for a telematics business that he expects to grow rapidly by collecting data on drivers and selling analytics products to third parties. The firm...
Allstate Q2 Profit Hurt by Catastrophes, Auto Loss Costs
Aug 4 2016 // Allstate Corp. reported that consolidated total revenue increased by 2.0 percent to $9.2 billion in the second quarter of 2016 compared to the prior year quarter, as higher insurance premiums outweighed declines in net...
New Jersey, Allstate Recover Millions in PIP Insurance Fraud Case
Jul 28 2016 // New Jersey insurance officials said they have recovered $3.5 million in a personal injury insurance fraud case involving chiropractors, physicians, medical facilities, billing companies and others. In a case connected to...
Allstate Names Macellaro President of Encompass
Jul 14 2016 // 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...
Jury Awards $27M to Four Fired Allstate Employees in Illinois
Jul 5 2016 // 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,...
Allstate Returns to California Homeowners Market With 12.6 Percent Reduction
Jun 14 2016 // Allstate Insurance returned to the California homeowners insurance market this week following a nine-year absence writing new policies. Insurance Commissioner Dave Jones welcomed Allstate, which entered into an agreement...
Allstate’s Domestic Violence Awareness Campaign Targets Financial Abuse
Jun 14 2016 // https://youtu.be/3XvbpYcgCrk Allstate Foundation Purple Purse has launched an awareness and fundraising campaign to call attention to the barriers that keep women trapped in abusive relationships. The #FreetoWalk campaign...
Encompass Insurance Exits North Carolina Personal Lines
Jun 6 2016 // Encompass Indemnity Insurance, an Allstate Insurance company that sells business through independent agents, has exited the North Carolina personal lines market. As of May, Encompass is no longer renewing business in the...
