When a series of killer hurricanes walloped the Gulf Coast in 2005, costing Allstate Corp. a record quarterly loss of $1.55 billion, the company tried to make sure its bottom line would never be hit so hard again. The nation’s …
Allstate Corp. and Nationwide Mutual Insurance Co. have been subpoenaed by a federal grand jury investigating the insurance industry’s handling of Hurricane Katrina claims in Mississippi, the companies said. Allstate, the nation’s second-largest property and casualty insurer behind State Farm, …
Allstate Corp. CEO Thomas Wilson said at the insurer’s annual meeting this week that the company’s shift away from catastrophe-prone areas and into products other than homeowners insurance will take years to complete. The first-year chief executive said the number …
Allstate Corp., the second-biggest U.S. personal-lines insurer behind State Farm, said its fourth-quarter profit rose 17 percent as it continued to benefit from a benign year for hurricanes. The $1.21 billion (euro930 million) quarterly profit ran Allstate’s earnings for the …
The chief executive of Aon Corp., the world’s second-largest insurance brokerage, said Friday it’s still too early to predict how much U.S. insurance rates might rise because of the hurricanes that devastated the Gulf Coast and southern Florida. Aon President …
