Allstate Agrees to Settle With Shareholders for $90 Million August 17, 2023 By Chad Hemenway To settle a years-long securities class action lawsuit against it, Allstate Corp. has agreed to set up a $90 million...
Allstate Estimates $1.7 Billion in Q1 Catastrophe Losses April 20, 2023 Allstate Corp. said pre-tax catastrophe losses for the first quarter are expected to be about $1.7 billion, with about $1.3...
Laid Off Tech Workers Are About to Get Help—From Allstate January 23, 2023 By Max Reyes and Isis Almeida Allstate Corp. plans to tap the pool of recently fired tech workers to help the insurer overhaul its business. The...
Allstate Readies Investors for Q4 Loss of Up to $335M January 19, 2023 By Chad Hemenway Allstate Corp. on Wednesday said it expects to end 2022 in the red with a net loss of between $285...
Allstate Q3 Net Income in the Red; Continues Efforts to ‘Restore Property-Liability Margins’ November 3, 2022 By Chad Hemenway Allstate Corp. said it recorded a third quarter net loss applicable to common shareholders of $694 million compared to net...
Allstate to Sell Northbrook Headquarters in Strong Endorsement of Hybrid Work October 11, 2021 By Max Reyes Allstate Corp. plans to sell its headquarters building, marking the U.S. finance industry’s firmest endorsement yet of the desire to...
Allstate Completes Sale of Life Insurance Company of New York October 4, 2021 The Allstate Corp. moved closer to its complete exit from the life insurance and annuity business with the closing of...
UPDATE 2: Global Re/Insurers Estimate Price Tag of Q3 Hurricanes & Quakes October 3, 2017 Losses from Hurricane Maria and other recent 2017 natural catastrophes, including Hurricanes Irma and Harvey, the Mexico City earthquakes and...
Answer Financial Expands Insurance Comparison Site Into Homeowners Segment July 25, 2017 Answer Financial, a personal lines insurance agency in the U.S., has expanded its insurance comparison platform to include homeowners and...
Allstate Names Macellaro President of Encompass July 14, 2016 The Allstate Corp. has promoted Patrick Macellaro, vice president, Investor Relations, to president of the Encompass insurance companies. Macellaro will...