Esurance News

How Much Americans Could Save by Ridesharing Driverless Cars Over Owning

Self-driving cars promise safer roads, less traffic and increased mobility. Some autonomous vehicle proponents also maintain they will save time and money. But will they really save Americans time and money? And even if they do, are Americans ready to …

The Lowdown on Distracted Drivers

What’s Distracting You? This week I added Driving to Distraction, by Esurance, to IJ’s Research & Trends as a resource for discussion around driver safety, whether with family members or clients. The study involved research of over 1,000 drivers with …

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 …

Esurance Now Offering Rideshare Coverage in California

Esurance has launched a new insurance option for Californians who drive for rideshare companies, such as Uber and Lyft, that offers protection whether the driver is waiting for a ride request, on the way to pick up a passenger, or …

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. …

Surge in Auto Claims Dampens Allstate Q4 Profit

Allstate Corp., the largest publicly traded U.S. car and home insurer, said fourth-quarter profit fell on a surge in auto claims. Net income declined 41 percent to $489 million, or $1.18 a share, from $824 million, or $1.86, a year …

Google Compare for Mortgages Launched in California, Other States to Follow

Google has officially launched the newest addition to its suite of Google Compare products: mortgages. Google Compare for Mortgages was announced​ earlier this year, and is now being made available in California with more states to follow, the Mountain View, …

Esurance Launches Mileage-Based Insurance Policy in Oregon

Esurance, the direct-to-consumer insurance company, has launched a new mileage-based insurance offering called Esurance Pay Per Mile, available first to Oregon drivers. “Esurance is responding to consumer demand for alternative insurance options for those who drive less, opting to walk, …

China Minsheng Investment to Acquire White Mountains’ Sirius for $2.2B

White Mountains Insurance Group Ltd. agreed to sell Sirius International Insurance Group Ltd. for about $2.2 billion to an arm of China Minsheng Investment Corp. The price for the reinsurer will be 127 percent of shareholders’ equity, plus $10 million, …