Encompass News

Investments, Tax Cuts Boosted Allstate Profit in Q4

The Allstate Corp., like many carriers, faced an enormous hit from natural catastrophe losses in the 2017 fourth quarter. Investment returns soared by double digits, however, and the Trump tax cuts gave it a one-time gain, helping to ensure the …

No Duty to Defend in Ohio Molestation Claim Unless ‘Scope of the Allegations’ Test Met

Jodee Edwards had a home and auto insurance policy issued by insurer Encompass that excluded coverage for loss “arising out of sexual molestation, corporal punishment, or physical or mental abuse.” Edwards was sued in January 2016 for negligent supervision of …

Allstate Q1 Profit Way Up as Auto Line Improves

Allstate saw its first quarter profit take a big jump this year to $666 million, up from the $217 million reported for the first quarter of 2016. Total revenue of $9.4 billion in the first quarter of 2017 increased by …

Allstate Q2 Profit Hurt by Catastrophes, Auto Loss Costs

Allstate Corp. reported that consolidated total revenue increased by 2.0 percent to $9.2 billion in the second quarter of 2016 compared to the prior year quarter, as higher insurance premiums outweighed declines in net investment income and realized capital gains. …

Allstate Names Macellaro President of Encompass

The Allstate Corp. has promoted Patrick Macellaro, vice president, Investor Relations, to president of the Encompass insurance companies. Macellaro will report to Don Civgin, president, Emerging Businesses. Macellaro has more than 20 years of experience in the insurance and finance …

Ealy In, Young Out as President at Allstate’s Encompass

Allstate Insurance Co. said Thomas V. Ealy will become president of its independent agency unit, Encompass Insurance, on Sept. 12. Ealy will replace Cynthia Young, president since 2006, who has left the company. Encompass, which sells home and auto policies …

PacWest Alliance Insurance Services Receives Gold Key Designation

Fresno, Calif.-based PacWest Alliance has been recognized as a Gold Key Agency by Encompass Insurance. Encompass offers auto, homeowner and related insurance products through its network of independent agents. The Gold Key designation is the company’s recognition of superior performance.