All the headlines from our Allstate Topic Page, ordered by recency.
Jun 24 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 on Wednesday.But the...
Jun 7 2021 // Neeren Chauhan has been named head of Strategy, Innovation & Business Development for Zurich North America.Chauhan joins Zurich after serving as vice president, Distribution Transformation and Market Share Growth, for...
Jun 2 2021 // Allstate has agreed to acquire Ohio-based SafeAuto, which offers car insurance that meets the minimum legal requirements in 28 states.The acquisition will be through Allstate subsidiary National General and SafeAuto will...
May 6 2021 // Allstate reported an overall $1.4 billion net loss in the first quarter due to the sales of its life and annuity businesses, compared to net income of $513 million in the first quarter of 2020.However, net income adjusted...
Apr 14 2021 // The COVID-19 shutdowns that swept the U.S. have been a boon for a newer auto-insurance product: pay-per-mile coverage.During the pandemic, Allstate Corp. has seen interest surge in its Milewise offering, which lets...
Mar 29 2021 // The Allstate Corp. said it has agreed to sell its New York life insurance and annuity operation to Wilton Re for $220 million.The selling of Allstate Life Insurance Company of New York (ALNY), along with the previously...
Feb 4 2021 // Insurer Allstate reported improved auto underwriting results and strong investment returns for the fourth quarter 2020.Net income was up 52% to $2.6 billion for the quarter compared to net income of $1.7 billion in the...
Jan 27 2021 // The Allstate Corp. is selling Allstate Life Insurance Co. to entities managed by investment firm Blackstone for $2.8 billion.Explaining the move from Allstate’s perspective, Allstate CEO Tom Wilson referred to a...
Jan 21 2021 // The Villages Insurance Partners of Florida has added Alexis Ball-Sheats to its team of Personal Lines Risk Consultants. Ball-Sheats will be one of three licensed risk consultants at the agency’s Mulberry Grove...
Jan 7 2021 // Dana Popish Severinghaus, formerly Legislative and Regulatory Counsel at Allstate Insurance Co., has been named director of the Illinois Department of Insurance.Popish Severinghaus has extensive legal, policy, government...
Nov 20 2020 // Allstate Corp. hired solely banks owned by minorities, women or veterans for its bond sale, in the biggest corporate deal yet managed only by diverse firms.The insurer enlisted Loop Capital Markets, Academy Securities,...
Nov 5 2020 // The Allstate Corp. reported a 26.7% increase in its third quarter net income, primarily due to higher auto insurance underwriting income and net realized capital gains.Allstate’s third quarter net income able to...
Oct 14 2020 // The Indiana Supreme Court has ruled that Allstate must pay $25,000 in uninsured motorist benefits to the estranged husband of a woman who died while riding as a passenger in a car crash after moving back in with her...
Oct 6 2020 // A new carrier has joined the rideshare insurance market, offering coverage to Lyft drivers in 11 states. At the same time, ridesharing firm Lyft’s drivers now also have access to coverage from Allstate and Liberty...
Oct 1 2020 // The Allstate Corp. said it will cut approximately 3,800 jobs in claims, sales, service and support functions as part of its continuing plan to grow its property/casualty market share. The layoffs will affect about eight...
Aug 28 2020 // Property information, analytics and data provider, CoreLogic, has estimated residential and commercial insured losses from Hurricane Laura in Louisiana and Texas will come in at between $8 billion and $12 billion.That...
Aug 27 2020 // Ratings analysts A.M. Best and Moody’s are expecting property/casualty insurers and reinsurers to suffer meaningful losses from Hurricane Laura.A.M. Best expects losses from Hurricane Laura to place added stress on...
Aug 10 2020 // What pandemic? Allstate’s doing just fine.The giant personal lines insurer reported net income of $1.2 billion for the second quarter, an increase of 49% compared to the prior year quarter. Underwriting income...
Jul 8 2020 // U.S. Insurer Allstate Corp. said on Tuesday it will buy National General Holdings Corp. for about $4 billion in cash, scaling up its auto insurance business at a time when the coronavirus has crushed traffic on roads and...
Jun 22 2020 // Allstate says severe weather events in Texas and the Midwest account for the majority of its $350 million in catastrophe losses in May 2020.Northbrook, Illinois-based Allstate Corp. has estimated catastrophe losses for the...