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Allstate Q1 Income Drops 52% on Record $3.3B Gross Catastrophe Losses
May 1 2025 // Allstate Corp. first quarter 2025 net income applicable to common shareholders fell more than 52% to $566 million primarily due to a record $3.3 billion of gross catastrophe losses. The gross loss was partially offset by...
Allstate Agent Can Be Sued Over Nonrenewal of ‘Grandfathered’ Flood Insurance Policy
Apr 15 2025 // A Connecticut agent for Allstate Insurance may be sued by an insured who faults the agent for not renewing a flood insurance policy in a timely fashion, thereby depriving the insured of the benefit of...
People Moves: Shipper to Head Beazley N.A. Commercial Property; Porch Group Names New Leadership; Allstate Names Carter as CHRO
Mar 14 2025 // Lindsay Shipper Specialty insurer Beazley appointed Lindsay Shipper as head of commercial property, North America, effective April 1. She will report to Richard Montminy, group head of property risks, and will be based in...
New York Sues National General and Allstate Over Data Breaches
Mar 11 2025 // New York’s Attorney General filed a lawsuit against National General and its parent Allstate Insurance Co. alleging they have failed to protect New Yorkers’ personal information from cyberattacks. The suit by...
Allstate to ‘Lean Into’ Turnaround in Auto Business, and Grow
Feb 7 2025 // Allstate’s plan to correct its auto insurance business has “restored profitability back to target levels,” said the insurer’s head of personal insurance. During an earnings call with analysts, Mario...
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