Latest Allstate Headlines
All the headlines from our Allstate Topic Page, ordered by recency.
Esurance Begins Selling Auto Insurance In West Virginia
Jan 30 2014 // Online seller Esurance is now offering car insurance in West Virginia. In addition to state-required liability coverage, Esurance provides optional auto insurance coverage options including: CarMatch Rental Coverage, which...
Allstate Insurance to Expand in Midwest with New Agencies
Jan 9 2014 // Allstate Insurance Co. has announced plans to appoint new agency owners in Indiana, Michigan and Ohio this year. The company plans to appoint 21 new insurance agency owners in Indiana. Additionally, Allstate’s new...
Allstate, State Farm, Farmers Plan to Raise Home Insurance Rates in Texas
Jan 5 2014 // Texas’ three largest home insurers are kicking off 2014 with steep increases in policyholder premiums, according to a report published on Jan. 4. The Dallas Morning News reports that Allstate, Farmers and State Farm...
Allstate Settles Lawsuit Against Deutsche Bank Over Mortgage Securities
Dec 27 2013 // Deutsche Bank AG and Allstate Corp. settled a suit the insurer brought that accused the bank of misrepresentations and omissions in connection with loans backing $185 million in mortgage securities. Allstate sued the...
Allstate Reports Q4 Pension Settlement Charge of $100-125M
Dec 24 2013 // 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...
N.Y. Approves Esurance Program Aimed at Preventing Teen Texting and Driving
Dec 18 2013 // 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...
GEICO Passes Allstate to Become 2d Largest U.S. Auto Insurer: SNL
Dec 16 2013 // Based on third quarter reports, GEICO Corp. has surpassed Allstate Corp. to become the nation’s second-largest private auto insurer. According to data compiled by SNL, GEICO logged $4.89 billion in direct premiums...
Allstate Picks ING to Sell Fixed Annuities to Its Home, Auto Customers
Dec 9 2013 // ING U.S. Inc. will begin selling fixed annuities through Allstate Corp. agencies as the largest publicly traded U.S. auto and home insurer ceases to offer its own brand of the retirement products. The deal gives ING U.S....
Allstate’s Bailey Joins Marsh As Head of U.S., Canada Sales
Nov 13 2013 // Insurance broker Marsh has appointed Donald Bailey as its new head of sales for U.S. and Canada. In this newly created position, Bailey will be responsible for executing the firm’s overall strategy and increasing the...
Allstate’s Esurance Hopes Bundling Auto, Home Coverages Will Separate It From Geico
Nov 12 2013 // Esurance, the online car insurance seller owned by Allstate Corp., is betting that bundling auto and home policies will help it compete with Berkshire Hathaway Inc.’s Geico unit and Progressive Corp. Esurance started...
GEICO Success Highlights Advertising Dollars vs. Agent Commissions Debate
Oct 22 2013 // Direct writer GEICO’s success in auto insurance sales is due to spending dollars on effective advertising rather than on agents, according to recent research from analysts at Nomura Equity Research, which notes that...
Allstate Sees Increasing Demand in Mass., Plans to Add 130 New Agents
Oct 10 2013 // Allstate Insurance Company announced this week it is planning to appoint more than 130 new insurance agents in Massachusetts by the end of next year. The expansion is in response to what the company described as an...
Allstate Wins Major Medical Fraud Lawsuit in Nevada
Oct 7 2013 // Allstate Insurance Co. received a judgment of more than $7 million following a Racketeering Influenced and Corrupt Organizations investigation nearly 10 years in the making. It is the company’s first medical fraud...
Allstate Plans to Hire New Agents in Penn., Conn., Maine, R.I., N.H.
Sep 30 2013 // Allstate Insurance Company announced last week that the company is planning to hire new insurance agents in Pennsylvania, Connecticut, Maine, Rhode Island and New Hampshire. The insurer would hire approximately 455 new...
Allstate Wins $7.7M Insurance Fraud Lawsuit in California
Sep 27 2013 // A Los Angeles County Superior Court has ruled in favor of Allstate Insurance Co. and the State of California in a lawsuit topping $7 million over fraudulent business and billing schemes by unlicensed medical and...
Allstate: Usage-Based Insurance Delivering Savings to 7 Out of 10
Sep 23 2013 // Allstate reports that drivers that are signed up for its usage-based insurance program, Drivewise, will register more than one billion miles driven this month. Allstate also said that Drivewise is launching in Kentucky and...
Florida Says Former Allstate Employee Diverted Claims Payments
Sep 19 2013 // Yarden Lee Bracero, 39, a former Allstate employee in Jacksonville has been convicted of diverting insurance claims payments for her own personal use, according to Florida Chief Financial Officer Jeff Atwater. Bracero...
Allstate Wins Major Medical Fraud Lawsuit in Nevada
Sep 18 2013 // Allstate Insurance Co. received a judgment of more than $7 million following a Racketeering Influenced in Corrupt Organizations investigation nearly 10 years in the making. It is the company’s first medical fraud...
Allstate Says Usage-Based Insurance Delivering Savings to 7 Out of 10
Sep 16 2013 // Allstate reports that drivers that are signed up for its usage-based insurance program, Drivewise, will register more than one billion miles driven this month. Allstate also said that Drivewise is launching in Kentucky and...
Allstate CEO Says GEICO Could Strugggle with Storefront Strategy
Sep 10 2013 // Allstate Corp. Chief Executive Officer Tom Wilson, whose company lost car insurance market share in the last three years, said competitor Geico could struggle to expand sales as it seeks to sell more policies at...
