Allstate CEO Tom Wilson News

Allstate to Cut 3,800 Jobs as Latest Step in Multi-Year Growth Plan

The Allstate Corp. said it will cut approximately 3,800 jobs in claims, sales, service and support functions as part of its continuing plan to grow its property/casualty market share. The layoffs will affect about eight percent of the insurer’s 45,780 …

Allstate’s Growth Plan Includes Shift in Agent Commissions, Hike in Advertising

Allstate first disclosed its Transformative Growth Plan in December, an effort to overhaul how it does business, boost efficiency and reduce expenses. During the Illinois-based property/casualty insurer’s Q4 2019 call with analysts, Allstate Chairman, President and CEO Thomas Wilson and …

Allstate CEO Calls On U.S. Corporations to Pay Employees More

U.S. businesses must focus on creating higher-paying jobs,Tom Wilson, Allstate chair, president and chief executive officer, writes in today’s New York Times. Wilson calls on America’s corporate leaders to prioritize job creation and make it a regular topic of discussion …

Beware ‘Tsunami’ Effect of Artificial Intelligence, Warns Allstate CEO Wilson

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 an interview on Bloomberg TV from Aspen, Colorado. Automation …

Allstate Would Consider Selling Private Flood Insurance If Federal Program Is Revamped

Allstate Corp.’s Chief Executive Officer Tom Wilson on Tuesday called on U.S. lawmakers to overhaul a government subsidized flood insurance program, calling for a more streamlined system that does not overburden taxpayers. Allstate, the second-largest U.S. homeowners’ insurer based on …

Allstate CEO Driven by Opportunity in Transportation Disruption

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 on inevitable changes to the system. …

Allstate Sees Profit in Selling Customer Driving Data

Allstate Corp. said improved technology will eventually give the auto insurer a chance to boost revenue by selling customer driving data, much as Google Inc. profits by collecting information on those who use its search engine. “There are lots of …