All the headlines from our Allstate Topic Page, ordered by recency.
Nov 21 2024 // Allstate today said it estimated pretax catastrophe losses of $286 million for the month of October.Losses during October included $102 million, pretax, from Hurricane Milton as well as $144 million in unfavorable reserve...
Nov 18 2024 // After ditching two-thirds of its office space and selling its Chicago headquarters, Allstate Corp. realized that even employees who prefer working remotely still need a place to gather with their coworkers from time to...
Nov 18 2024 // Allstate said it sees opportunity where others may not — in homeowners insurance. And the insurer plans to use all three distribution channels to do it.Due to rising trends in the frequency and severity of...
Nov 14 2024 // A group of subsidiaries of Allstate have filed a subrogation suit against Hyundai and Kia to get back costs paid to insureds for damages when their cars suddenly erupted in flames.According to the lawsuit, now in U.S....
Nov 1 2024 // Allstate said it sees opportunity where others may not — in homeowners insurance. And the insurer plans to use all three distribution channels to do it.Due to rising trends in the frequency and severity of...
Oct 31 2024 // Allstate Corp. said its net income attributable to common shareholders for the third quarter was about $1.2 billion compared to a loss of $41 million during the same time a year ago.The Northbrook, Illinois-based insurer...
Oct 30 2024 // The son of the late Major League Baseball Hall of Famer Roberto Clemente and Allstate Insurance Co. have settled their disputes over Allstate’s cancellation of the Clemente Family Agency’s contract and...
Oct 17 2024 // Allstate Corp. doesn’t announce third quarter earnings until Halloween but today it released some scary September pretax catastrophe losses.In keeping with its initiative to announce monthly catastrophe losses that...
Aug 14 2024 // Insurer Allstate has agreed to sell its subsidiaries that provide employer voluntary benefits to StanCorp Financial Group (The Standard) in a $2 billion cash deal, the company said in a regulatory filing on Tuesday.The...
Jul 26 2024 // Allstate’s National General auto insurance brand has been sued by the U.S. Department of Justice over allegations that National General and subsidiaries “engaged in a scheme to defraud customers” by...
Jul 22 2024 // A half-dozen Maui wildfire victims sued a group of insurers, including State Farm and Allstate, accusing them of throwing a wrench into a tentative $4 billion deal to settle their claims.The lawsuit filed Friday in state...
Jul 19 2024 // Allstate Corp. said it recorded pretax catastrophe losses of about $2.1 billion in the second quarter.The Northbrook, Illinois-based insurer on July 18 said the total included $230 million of pretax catastrophe losses for...
Jul 12 2024 // Allstate is seeking an increase in its California homeowners insurance premiums by an average of 34%.According to the California Department of Insurance, the Allstate homeowners filing was received by the Department on...
Jul 8 2024 // Weather-related catastrophes are increasing in frequency and intensity, and billion-dollar disasters are becoming the norm. The U.S. averages about 10 disasters costing more than $1 billion each year. Investing in...
Jun 28 2024 // In the topsy-turvy world of homeowners insurance, first-quarter loss ratios have been bouncing around for the last five years—from below 50 in 2020 to over 70 in 2021 and 2023, a new analysis shows.The S&P Global...
Jun 20 2024 // Allstate Corp. on Thursday reported May pretax catastrophe losses of about $1.4 billion.The Northbrook, Illinois-based insurer said 14 events contributed to nearly $1.5 billion in catastrophe losses for May, with 70%...
May 2 2024 // Insurer Allstate posted an upbeat first-quarter profit on Wednesday, helped by higher premiums and stronger investment returns.Insurers usually see stable product demand irrespective of economic conditions, mainly due to...
Apr 19 2024 // Allstate Corporation estimated pretax catastrophe losses of $731 million, with $328 million from the month of March.Six events contributed to the $343 million total for March — before favorable reserve re-estimates...
Mar 18 2024 // When Allstate’s Florida unit, Castle Key Indemnity Co., entered the surging condominium insurance market in 2020, it looked like it had made a smart bet: Within two years, the carrier had added no fewer than 123,000...
Mar 15 2024 // While smartphone use is rising, fewer phones are suffering damage that requires repairs or replacement.Good thing, because users can hardly part with smartphones long enough to get them fixed. In its latest Mobile...