Allstate News

Allstate Says Brownsville, Texas, Has the Nation’s Safest Drivers

Illinois-based insurer, Allstate, has named Brownsville, Texas, the city with America’s safest drivers. The ranking is based on Allstate claims data. The 14th annual Allstate America’s Best Drivers Report spotlights safe driving leading up to the busy Labor Day travel …

Allstate to Acquire Identity Theft Protection Firm InfoArmor

The Allstate Corp. has agreed to acquire InfoArmor, a provider of employee identity protection, for $525 million in cash. The insurer said it sees “significant opportunity to cross sell” the new product through its own Allstate Benefits customer relationships and …

Progressive is the Latest to Comply with New York Auto Insurance Rate Regulation

A fourth major auto insurance company in New York has reached a compliance agreement with the New York Department of Financial Services (DFS) regarding DFS’ final regulation against discriminatory auto insurance rates. Progressive has informed Financial Services Superintendent Maria T. …

N.Y. Finalizes Regulation to Protect Drivers from Unfair Auto Insurance Rates

The New York Department of Financial Services (DFS) has finalized a regulation that protects New York drivers from unfairly discriminatory auto insurance rates and has already reached agreements with two major insurers regarding the regulation. Liberty Mutual and Allstate have …

Allstate Sues Former Agent Over EA Agreement in Mass. Federal Court

Allstate is suing one of its former agents in United States District Court for the District of Massachusetts, alleging the agent breached a one-year non-compete clause by misusing Allstate’s confidential information and trade secrets. Defendant Abner Joseph executed an exclusive …

Northern California Wildfires: Insurance Industry Ready to Assist With ‘Massive’ Recovery

Rebuilding the Northern California areas devastated by wildfire will be a long-term effort, and insurers say they will be there to help their affected policyholders get back on their feet. Tens of thousands of evacuees began making their way home …

Connecticut Insurers: Homes Must Fall Down to be Eligible for Coverage

Connecticut residents whose home foundations are crumbling are facing a perplexing problem with their insurance policies: The damage won’t be covered unless their homes collapse. More than two dozen insurance companies being sued in federal court by 40 homeowners recently …

Insurers Increasingly Embrace Robots over Humans for Customer Service

Frustrated with automated answering machines before you finally get to speak with a customer service representative? When it comes to insurance, you’ll just as likely end up dealing with a robot as a human within three years, according to a …

Big Data Gathered by Twitter Monitoring Could Cut Premiums – and Erode Privacy

When people take to Twitter to comment on the great evening they enjoyed with good food and wonderful friends, reducing their monthly insurance bill is probably the last thing on their mind. But such tweets could help insurers to price …

Report: Some Illinois Insurance Companies Forcing Roof Replacements

When Dennis Roberts’ car insurance started getting a bit too expensive, he did what a lot of consumers do and shopped around. Then he picked a new company and switched both his home and auto coverage, never expecting what it …