Judge Rejects Argument That Insurer Acted in Bad Faith by Using Automated Bill Pay February 4, 2020 By Jim Sams For the second time in a year, a federal judge rejected a plaintiff attorney’s argument that an insurance carrier acted...
Texas Windstorm Insurer to Assess Members $90M for Harvey, Defer Action on Rates December 10, 2019 The Texas Windstorm Insurance Association board of directors voted today to assess member insurance companies $90 million based on losses...
Amenity Analytics Raises $18 Million from Starr, Allstate, Others for Text Analysis Tool April 16, 2019 Starr Companies and Allstate have contributed to an $18 million financing round for Amenity Analytics, a startup developing cloud-based analytics...
Allstate Buys Smartphone Repairer iCracked, Expanding Its Consumer Services February 13, 2019 The Allstate Corp. said it has acquired iCracked, a provider of on-site, on-demand repair services for smartphones and tablets in...
Allstate Q4 Catastrophe Loss Tempered by Higher Premiums, Reduced Auto Claims February 8, 2019 The Allstate Corp. lost $312 million in its 2018 fourth quarter, which was attributable to higher catastrophe losses, lower investment...
Big 3 Drive Personal Auto Insurance Recovery; Signs of Rate Hike Fatigue Ahead January 16, 2019 Steady improvement for U.S. personal auto insurance companies has culminated in the sector’s best underwriting performance in 10 years, according...
Allstate’s Shares Fall Under Weight of Wildfire Losses December 17, 2018 By Katherine Chiglinsky Allstate Corp. tumbled for nine straight days, the longest string of losses since 2001, as coverage costs from the deadliest...
Morgan Stanley: State Farm, Allstate Largest Insurers Exposed to Alaska Quake December 3, 2018 State Farm, Allstate and USAA have the lion’s share of exposure from the magnitude 7.0 earthquake that struck Alaska on...
Allstate Reported to Be Weighing Sale of Fixed-Annuities Business November 9, 2018 By Matthew Monks Allstate Corp., the automobile and home-insurance giant, is exploring a sale of its fixed-annuities business, which stopped selling new policies...
Teens Urged to ‘Flip the Script’ on Parents This Teen Driver Safety Week October 24, 2018 Four-in-10 parents of teen drivers don’t talk to their kids about safe driving on a regular basis. That factoid, says...