All the headlines from our Allstate Topic Page, ordered by recency.
Jan 31 2008 // Hit by an increase in catastrophe losses, Northbrook, Ill.-based insurer Allstate Corp. saw its profit drop by more than 37 percent in the fourth quarter of 2007 compared to the same period in 2006.The fourth quarter net...
Jan 30 2008 // Allstate has been granted more time by Louisiana officials to gather data about the number of homeowners whose wind and hail coverage was dropped on technicalities.Warren Byrd, the state insurance department’s...
Jan 27 2008 // Severe Impact“There’s a lot of scrap metal in the trees and fence lines, a lot of insulation, lumber. … The path of the tornado was several miles long and impacted a number of different areas where there...
Jan 27 2008 // Property casualty insurance insiders predicted 2008 will be a year of marginal growth as continued pricing competition will keep premiums low and profits lower — although that could quickly worsen if a natural...
Jan 25 2008 // Allstate Insurance Co., in an ongoing exchange with the Florida Office of Insurance Regulation, submitted between 12,000 and 13,000 pages of documents Wednesday, according to a company spokesman.Allstate’s Adam...
Jan 24 2008 // The Florida Office of Insurance Regulation filed its response with the First District Court of Appeal seeking to have a suspension of the Allstate Companies’ certificates of authority reinstated.The 12-page response...
Jan 18 2008 // Allstate and Allstate Floridian are pleased with the Florida First District Court of Appeal’s decision to grant an immediate stay from the Florida Office of Insurance Regulation’s order to cease writing new...
Jan 18 2008 // The Florida Office of Insurance Regulation issued a final order immediately suspending Allstate Insurance Co. and its subsidiaries from writing any new business in all lines of insurance in Florida – including auto...
Jan 17 2008 // Standard & Poor’s Ratings Services said today that news reports (See IJ web site) about the suspension issued to Allstate Corp. (ALL) by the Florida Insurance Commissioner that prohibit some of the companies...
Jan 16 2008 // Florida Insurance Commissioner Kevin McCarty abruptly halted the scheduled two-day hearing Tuesday into Allstate Companies’ reinsurance program, their relationships to risk modeling companies, insurance rating...
Jan 16 2008 // Florida Insurance Commissioner Kevin McCarty suspended the certificate of authority of Allstate Companies to write new property insurance in Florida until the company fully complies with the subpoenas served Oct. 16 by his...
Jan 16 2008 // In a written statement responding to the Florida Insurance Commissioner suspending Allstate’s certificate of authority Wednesday, the insurer said it is committed to working diligently with the Office of Insurance...
Jan 9 2008 // Allstate Insurance Co. has agreed to pay $995,000 to a Brooklyn couple who claimed their house was badly damaged by vibrations caused by an Air France Concorde jet nearly five years ago.The couple, John and Annette...
Jan 9 2008 // Rating agency 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 (Allstate) and its members.Additionally, A.M....
Jan 3 2008 // CarInsurance.com, which sells auto insurance over the Internet, has added more carriers to its current 28 state agency product offering.In November and December 2007, the firm expanded and now offers Encompass Insurance...
Dec 31 2007 // With motor vehicle accidents claiming between 5,000 and 6,000 teen lives each year, a new survey commissioned by Allstate Insurance reveals that many teens do not take personal responsibility for safe driving and continue...
Dec 23 2007 // Allstate Insurance, headquartered in Northbrook, Ill., has given notice to Des Plaines, Ill.-based Property Casualty Insurers Association of America (PCI) that the company intends to drop its membership in the insurer...
Dec 21 2007 // Gov. Charlie Crist said Wednesday he wants three trial lawyers to review documents for a possible class-action lawsuit against property insurers, alleging that the industry hasn’t passed on savings to consumers as...
Dec 20 2007 // Allstate Corp. said Tuesday October’s California wildfires plus other disasters have hiked the insurance company’s fourth-quarter catastrophe losses by about $100 million.Allstate said it received more than...
Dec 19 2007 // The Allstate Corp. reported that the company has received more than 7,000 claims from the Southern California wildfires in October of this year, resulting in approximately $315 million to $335 million in wildfire-related...