All the headlines from our Allstate Topic Page, ordered by recency.
Dec 28 2010 // Allstate Corp. has sued Bank of America Corp., its Countrywide lending unit and 17 other defendants for allegedly misrepresenting the risks on more than $700 million of mortgage securities it bought from...
Dec 16 2010 // Allstate Insurance has notified the Texas Department of Insurance that it will increase homeowner rates — some by almost 10 percent.About 450,000 homeowners covered by Allstate Texas Lloyds will see a rate increase...
Dec 16 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Allstate Insurance Group and its members. Best also affirmed the ICR of...
Dec 14 2010 // More Californians crash their cars on December 15 than any other day of the year, according to an Allstate Insurance Co. review of its California auto insurance claims over the past four years. The number of accident...
Nov 29 2010 // Allstate Insurance Co. announced it is dropping the price California consumers pay for renter’s insurance coverage 19.6 percent statewide. The company is also cutting condo insurance rates in California 6 percent....
Nov 14 2010 // $2.4 BillionAmerican International Group, Inc. (AIG) reported a net loss of $2.4 billion for the third quarter of 2010, compared to net income of $455 million in the third quarter last year. The loss was attributable to...
Nov 10 2010 // Insurers Allstate Corp. and Prudential Financial announced plans to return cash to shareholders Tuesday with a stock buyback plan and dividend increase, respectively.Prudential’s board approved a 64 percent increase...
Nov 10 2010 // Allstate Property and Casualty Insurance Co. wants a public hearing on the Mississippi Insurance Commissioner Mike Chaney’s denial of its request for a 44 percent home insurance rate hike.The company also wants...
Nov 1 2010 // $220 MillionEstimated 2010 storm losses in Kansas climbed to $220 million as of the end of August, according to the Kansas Department of Insurance. There were approximately 59,400 storm claims filed during the same period....
Nov 1 2010 // $19 MillionA federal jury in Jonesboro, Ark., awarded $19 million to a Walnut Ridge man who sued Ford Motor Co., claiming that he was paralyzed in a car wreck because his seat belt was defective in his 1998 Windstar van....
Nov 1 2010 // $300,000Amount members of the Independent Insurance Agents and Brokers of Washington have put toward the campaign to pass Washington voter initiative I-1082. The initiative would open up the state workers’...
Oct 29 2010 // Allstate Corp. on Wednesday reported that quarterly operating income fell 16 percent, missing analysts’ forecasts, as the largest publicly traded U.S. home and auto insurer lost existing customers and ramped up...
Oct 28 2010 // The frequency of Texas home fires dropped 15 percent among Allstate customers during the first half of 2010, when compared to the same period last year. This decrease puts fire frequency back in line with historical...
Oct 20 2010 // Allstate Insurance Co. said it has launched a recruitment campaign to sign on 40 new agency owners in Michigan by the end of 2011.In addition, the insurer said new and existing Michigan Allstate agencies are projected to...
Oct 19 2010 // Allstate has agreed to pay $10 million to 45 states in a regulatory settlement involving its use of claims handling software.New York State Insurance Superintendent James J. Wrynn said the agreement follows an 18-month...
Oct 13 2010 // Insurer Allstate says it plans to recruit 40 new agency owners owners in Indiana by the end of next year.Allstate currently has 215 agents in Indiana. In addition, new and existing Allstate agencies in the state are...
Oct 4 2010 // Allstate Insurance alleges that Mississippi’s insurance chief ignored an internal actuarial report that justifies the insurer’s request for a 44 percent rate increase when he denied the bid. But Insurance...
Sep 27 2010 // Allstate Insurance alleges that Mississippi’s insurance chief ignored an internal actuarial report that justifies the insurer’s request for a 44 percent rate increase when he denied the bid. But Insurance...
Sep 21 2010 // Mississippi Insurance Commissioner Mike Chaney has denied Allstate Property and Casualty Insurance Co.’s requested 44 percent statewide homeowners rate increase.“Based on our internal reviews and that of our...
Sep 16 2010 // North Carolina Insurance Commissioner Wayne Goodwin today announced that 1,803 Allstate Insurance Company policy holders in North Carolina will receive refunds totaling $680,718.22 after a Department of Insurance complaint...