All the headlines from our Allstate Topic Page, ordered by recency.
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...
Feb 15 2024 // Allstate Corp. on Thursday reported January pretax catastrophe losses of $276 million.The Northbrook, Illinois-based insurer reached its $150 million threshold to report catastrophe losses following several months of low...
Feb 8 2024 // Allstate Corp. fourth quarter 2023 net income attributable to common shareholders was about $1.5 billion, reversing a loss of $303 million during the same time the prior year.Allstate CEO Tom Wilson said “improved...
Jan 19 2024 // Allstate offered some preliminary details of factors that impacted fourth-quarter 2023 earnings—among them a $199 million non-catastrophe reserve charge.The carrier said the figure representing unfavorable prior year...
Jan 17 2024 // Two court rulings in Southeastern states have underscored insurers’ responsibilities under uninsured motorist laws.In a Mississippi class-action lawsuit, the U.S. 5th Circuit Court of Appeals found that Allstate...
Jan 12 2024 // Allstate, headquartered in Northbrook, Ill., named Mike Fiato as executive vice president and chief claims officer, effective Jan. 22.Fiato joins Allstate with more than 32 years of industry experience. Most recently, he...
Jan 12 2024 // AXIS Capital Holdings Limited named Anna Tan as head of wholesale casualty.Tan joins AXIS from Navigators, a brand of The Hartford, where she served for over 12 years, most recently as head of excess casualty. Before this,...
Dec 18 2023 // The departments of insurance in California, New York and New Jersey approved double-digit auto rate increases for Allstate in the three states that the carrier considered exiting in the absence of approvals, the...
Dec 8 2023 // Analysts from Standard & Poor’s predicted this week that while personal auto results are starting to stabilize, the continued push for rate in 2024 will set the stage for more faceoffs between regulators and...
Nov 28 2023 // A former Allstate insurance agent in North Carolina has agreed to stop selling competing products to her former clients and to return confidential client information to Allstate.A federal judge finalized an agreement...
Nov 2 2023 // NEXT Insurance said Allstate and Allianz X have invested $265 million in the digital small business insurer.NEXT and Allstate will partner on bringing new commercial products to what they call an underserved target market...
Nov 2 2023 // Allstate Corp. said its net loss for the third quarter was $41 million compared to a loss of $685 million during the same time a year ago.The Northbrook, Illinois-based insurer recorded an improvement in its third quarter...
Oct 19 2023 // Allstate Corp. today reported September catastrophe losses of $317 million and total catastrophe losses for the third quarter of about $1.2 billion pretax.Seventeen events in September resulted in catastrophe losses of...
Sep 21 2023 // Allstate reported about $641 million in August catastrophe losses from 18 events, with about half coming from the Maui wildfire.The losses for the month of August were $551 million or $435 million, after-tax, partially...
Sep 8 2023 // Allstate Insurance has emerged victorious in litigation against two of its former exclusive agents who retained and used Allstate spreadsheets with policyholder information after the insurer terminated their agency...
Aug 18 2023 // Allstate Corp. said estimated catastrophe losses for the month of July were $313 million or $247 million, after-tax.July has 18 events, highlighted by widespread wind and hail storms, with estimated losses of about $349...
Aug 17 2023 // To settle a years-long securities class action lawsuit against it, Allstate Corp. has agreed to set up a $90 million fund for shareholders who accused the insurer of false and misleading statements regarding its auto...