Credit Outlook for Allstate’s Florida Unit is Negative, Reflects Deteriorated Surplus March 14, 2023 By Insurance Journal Staff Reports The AM Best financial rating firm’s tepid outlook for Allstate’s Florida subsidiaries, Castle Key Insurance Co. and Castle Key Indemnity...
Allstate: $307M in January Cat Losses and Keeps the Auto Rate Hikes Coming February 17, 2023 By Chad Hemenway Allstate Corp. said it estimated catastrophe losses for the month of January of $307 million, or $243 million after-tax from...
Why Not Go Direct on Homeowners, Allstate CEO Asks February 15, 2023 By Susanne Sclafane When Allstate’s chief executive officer looks at potential growth opportunities for personal lines insurers, he sees an untapped part of...
Allstate’s Plan to Return to Profit in Auto February 6, 2023 By Chad Hemenway Following a year of turbulence in its auto insurance business, Allstate Corp. outlined what CEO Tom Wilson called the company’s...
Allstate Reports $310M Q4 Loss as Auto Claims Costs Motor Past Rate Hikes February 2, 2023 By Chad Hemenway As it had warned last month, Allstate Corp. reported a fourth quarter 2022 loss of $310 million as losses from...
Top 10 Midwest Insurance Journal Stories of 2022 December 29, 2022 By Ezra Amacher Allstate buying office space in downtown Chicago, State Farm suing Tesla over a car fire, and Geico being ordered to...
Allstate Commits to 2030 Net Zero Emissions Goal December 28, 2022 Allstate Corporation announced a commitment to achieve net zero emissions for direct, indirect and value-chain greenhouse gas emissions by 2030....
State Farm Will Start Hiking Auto Rates, Allstate CEO Predicts December 9, 2022 By Susanne Sclafane Allstate’s chief executive officer said his company will likely continue pushing for auto insurance rate hikes next year, and he...
Allstate in Talks to Return Headquarters to Chicago From Suburbs November 7, 2022 By Max Reyes Allstate Corp. is in talks about moving its headquarters to Chicago after selling the majority of its suburban campus earlier...
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...