Latest Allstate Headlines

All the headlines from our Allstate Topic Page, ordered by recency.

Esurance to Hire 450 for New South Carolina Sales Office

Feb 20 2014 // Esurance, the direct-to-consumer insurance company, will open a new sales and claims office in Greenville, South Carolina, this summer that will employ up to 450 South Carolina residents.The insurer said job openings will...

Allstate: Catastrophe Losses in January Reached $277M

Feb 20 2014 // Allstate Corp. said estimated catastrophe losses for the month of January were $277 million.The cost is $180 million after tax, the personal lines insurer said. Catastrophe losses were from six events at an estimated cost...

Allstate Seeking to Expand Agency Count in Texas

Feb 19 2014 // Allstate Insurance Co. is launching a recruitment campaign to appoint 120 new agency owners in Texas this year. Allstate agency owners are also actively searching for qualified candidates to fill more than 800 sales...

And the Winner of Esurance’s $1.5 Million Twitter Sweepstakes Is…

Feb 6 2014 // The winner of the Esurance $1.5 million Twitter sweepstakes was revealed last night on Jimmy Kimmel Live! on ABC.Aunt Chippy from Jimmy Kimmel Live! interviewed the winner to get his reaction to the news that his Tweet...

Allstate Sees No Need for Big Homeowners Rate Increases

Feb 6 2014 // Allstate Corp. aims to grow its share of the U.S. home and auto insurance markets without the need for “abnormally large” rate increases, its CEO said, after the company’s profit more than doubled in the...

Insurer to Give Away $1.5M in Twitter Contest

Feb 3 2014 // Direct car insurance provider Esurance is giving consumers a chance to win $1.5 million in a Twitter sweepstakes.Actor John Krasinski announced Esurance’s Twitter sweepstakes in a television commercial that aired on...

Best Affirms Allstate Group and Subs ‘A+’ Ratings; Outlook Stable

Feb 3 2014 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of the members of Allstate Insurance Group (Allstate).Best also affirmed...

Esurance Begins Selling Auto Insurance In West Virginia

Jan 30 2014 // Online seller Esurance is now offering car insurance in West Virginia. In addition to state-required liability coverage, Esurance provides optional auto insurance coverage options including: CarMatch Rental Coverage, which...

Allstate Insurance to Expand in Midwest with New Agencies

Jan 9 2014 // Allstate Insurance Co. has announced plans to appoint new agency owners in Indiana, Michigan and Ohio this year.The company plans to appoint 21 new insurance agency owners in Indiana. Additionally, Allstate’s new and...

Allstate, State Farm, Farmers Plan to Raise Home Insurance Rates in Texas

Jan 5 2014 // Texas’ three largest home insurers are kicking off 2014 with steep increases in policyholder premiums, according to a report published on Jan. 4.The Dallas Morning News reports that Allstate, Farmers and State Farm...

Allstate Settles Lawsuit Against Deutsche Bank Over Mortgage Securities

Dec 27 2013 // Deutsche Bank AG and Allstate Corp. settled a suit the insurer brought that accused the bank of misrepresentations and omissions in connection with loans backing $185 million in mortgage securities.Allstate sued the...

Allstate Reports Q4 Pension Settlement Charge of $100-125M

Dec 24 2013 // The Allstate Corp. reported that it expects to report a fourth-quarter 2013 settlement charge of $100 to $125 million, after-tax, related to the annual measurement of its pension obligations as of Dec. 31, 2013.Settlement...

N.Y. Approves Esurance Program Aimed at Preventing Teen Texting and Driving

Dec 18 2013 // New York Gov. Andrew Cuomo’s administration announced it has approved Esurance’s new telematics program designed to help prevent teens from texting while driving.This new voluntary program, called...

GEICO Passes Allstate to Become 2d Largest U.S. Auto Insurer: SNL

Dec 16 2013 // Based on third quarter reports, GEICO Corp. has surpassed Allstate Corp. to become the nation’s second-largest private auto insurer.According to data compiled by SNL, GEICO logged $4.89 billion in direct premiums...

Allstate Picks ING to Sell Fixed Annuities to Its Home, Auto Customers

Dec 9 2013 // ING U.S. Inc. will begin selling fixed annuities through Allstate Corp. agencies as the largest publicly traded U.S. auto and home insurer ceases to offer its own brand of the retirement products.The deal gives ING U.S....

Allstate’s Bailey Joins Marsh As Head of U.S., Canada Sales

Nov 13 2013 // Insurance broker Marsh has appointed Donald Bailey as its new head of sales for U.S. and Canada. In this newly created position, Bailey will be responsible for executing the firm’s overall strategy and increasing the...

Allstate’s Esurance Hopes Bundling Auto, Home Coverages Will Separate It From Geico

Nov 12 2013 // Esurance, the online car insurance seller owned by Allstate Corp., is betting that bundling auto and home policies will help it compete with Berkshire Hathaway Inc.’s Geico unit and Progressive Corp.Esurance started...

GEICO Success Highlights Advertising Dollars vs. Agent Commissions Debate

Oct 22 2013 // Direct writer GEICO’s success in auto insurance sales is due to spending dollars on effective advertising rather than on agents, according to recent research from analysts at Nomura Equity Research, which notes that...

Allstate Sees Increasing Demand in Mass., Plans to Add 130 New Agents

Oct 10 2013 // Allstate Insurance Company announced this week it is planning to appoint more than 130 new insurance agents in Massachusetts by the end of next year. The expansion is in response to what the company described as an...

Allstate Wins Major Medical Fraud Lawsuit in Nevada

Oct 7 2013 // Allstate Insurance Co. received a judgment of more than $7 million following a Racketeering Influenced and Corrupt Organizations investigation nearly 10 years in the making.It is the company’s first medical fraud...