All the headlines from our Allstate Topic Page, ordered by recency.
Oct 19 2022 // Allstate Corp said it expects to report a third quarter net loss of of between $675 million and $725 million with pre-tax catastrophe losses, net of reinsurance, of $763 million.Catastrophe losses net of reinsurance for...
Sep 20 2022 // Higher auto loss costs are here to stay, according to the leader of Allstate, who also said that his company will be pushing up auto insurance prices higher, and at a faster pace, for the balance of the year.Speaking at...
Aug 22 2022 // The Georgia insurance commissioner is publicly shaming one of the country’s largest auto insurers after the carrier announced an average 25% rate increase in the state.“I am angry and disappointed that Allstate...
Aug 19 2022 // Allstate announced August 18 that Glenn Shapiro, president, Property-Liability, has decided to retire at the end of September. He joined Allstate as chief claims officer in 2016 and has held his current position since...
Aug 4 2022 // Allstate Corp. said it is accelerating its plan to increase auto insurance rates as it reported unprofitable results for the second quarter.Allstate booked a net loss of $1.04 billion in the second quarter compared with a...
May 6 2022 // Rate increases in Allstate’s auto insurance business are in integral part of the insurer’s overall plan to address the impact of inflation.Wednesday during a conference call with analysts to discuss...
May 4 2022 // First quarter 2022 insurance premiums earned grew 6.5% to about $11 billion at Allstate Corp., as net income was $630 million compared with a loss of about $1.4 billion during the first three months of 2021.CEO Tom Wilson...
May 2 2022 // Allstate said it is raising auto insurance rates more due to continued upticks in physical damage and bodily injury severity.The personal property insurer said in a statement on April 21 that first quarter unfavorable...
Apr 25 2022 // Allstate said it is raising auto insurance rates more due to continued upticks in physical damage and bodily injury severity.The personal property insurer said in a statement on April 21 that first quarter unfavorable...
Mar 25 2022 // For the second time this month, a personal auto insurance giant devoted an investor conference to the topic of rate hikes, with Allstate executives also assuring listeners the carrier has various other tools to return to...
Mar 7 2022 // An insured’s plea of nolo contendere to criminal charges does not trigger a criminal acts exclusion in a homeowners insurance policy governed by state law, the Connecticut Supreme Court recently ruled.A federal court...
Feb 24 2022 // A lawyer’s email and voice mail were enough to settle a claim dispute and bar further litigation, despite a petitioner’s contention that thousands of dollars in damages were left unrepaired, the West Virginia...
Feb 3 2022 // Allstate Corp. said fourth quarter 2021 net income plummeted 50% compared to results of the prior year quarter as auto claim frequency and severity increased.Adjusted net income for Q4 was $796 million compared to about...
Jan 21 2022 // The Allstate Corp. has acquired an office building in downtown Chicago months after agreeing to sell most of its campus in Northbrook, Illinois.Allstate confirmed it purchased the property at 29 N. Wacker Drive in...
Nov 29 2021 // The Allstate Corp. announced it has reached an agreement to sell the property making up the majority of its campus in Northbrook, Illinois, to Dermody Properties for approximately $232 million.The sale is expected to close...
Oct 11 2021 // Allstate Corp. plans to sell its headquarters building, marking the U.S. finance industry’s firmest endorsement yet of the desire to offer hybrid work after the pandemic.With many employees choosing to work remotely,...
Oct 4 2021 // The Allstate Corp. moved closer to its complete exit from the life insurance and annuity business with the closing of the sale of its Allstate Life Insurance Company of New York to Wilton Re for approximately $400...
Sep 16 2021 // The Allstate Corporation estimates catastrophe losses for August 2021 at of $876 million or $692 million, after-tax. The bulk of those losses are the result of Hurricane Ida and the majority occurred in Louisiana, the...
Jul 27 2021 // Corporate diversity has become the most common type of sustainability metric used in setting executive pay, a new study found, as companies look to increase the share of women and minorities in their workforces.Among 61...
Jul 5 2021 // Allstate Corp. wants to buy more independent insurance agencies this year to build the business it acquired with its purchase of National General, Allstate Chief Executive Tom Wilson told Reuters last month.But the agents...