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...
Allstate Expects Q3 Net Loss Up to $725M; Ian Caused $366M Net Loss October 19, 2022 By Chad Hemenway Allstate Corp said it expects to report a third quarter net loss of of between $675 million and $725 million...
Auto Loss Costs Not Coming Down; Bigger Rate Hikes Ahead: Allstate CEO September 20, 2022 Higher auto loss costs are here to stay, according to the leader of Allstate, who also said that his company...
Georgia Insurance Commissioner Slams Allstate’s 25% Auto Rate Increase August 22, 2022 By William Rabb The Georgia insurance commissioner is publicly shaming one of the country’s largest auto insurers after the carrier announced an average...
Allstate Executives Shuffle With Retirement of Property-Liability President August 19, 2022 Allstate announced August 18 that Glenn Shapiro, president, Property-Liability, has decided to retire at the end of September. He joined...