Latest Allstate Headlines

All the headlines from our Allstate Topic Page, ordered by recency.

Allstate Approved to Establish Full-Service Bank

Jul 24 2001 // On July 20, U.S. regulators gave Allstate Corp. the green light to form a full-service federal savings bank, according to a Reuters report. The process will essentially upgrade Allstate’s existing banking subsidiary,...

Study Says Eight Insurers Command 65 Percent Market Share in Hurricane-Prone States

Jul 23 2001 // A recent study by Palm Beach Gardens, Fla.-based Weiss Ratings Inc. indicated that just eight large property and casualty insurers provide homeowners coverage to residents in hurricane-prone states. Weiss Ratings, a...

Study Says Eight Insurers Command 65% Market Share in Hurricane-Prone States

Jul 13 2001 // A recent study by Palm Beach Gardens, Fla.-based Weiss Ratings Inc. indicated that just eight large property and casualty insurers provide homeowners coverage to residents in hurricane-prone states. Weiss Ratings, a...

Allstate To Sell German, Italian Auto to Direct Line

Jun 21 2001 // Allstate announced yesterday that it would sell its direct auto insurance businesses in Germany and Italy to the U.K.’s Direct Line. The German operation, launched in 1997 has around 117,000 policies in force. The...

Allstate Grants Financial Selling Power to One-Third of Its Agents

Jun 15 2001 // Nearly one-third of Allstate’s 13,000-member exclusive agency force is now licensed to provide personal financial products and mutual funds.More than 4,300 Allstate exclusive agents have earned the “Personal...

After Deal with iwix.net Goes Sour, ebix.com Turns to Esurance

Jun 11 2001 // On May 29, Atlanta-based ebix.com struck a deal with Esurance Inc., a national quote-to-claims Internet-based provider of personal auto insurance. Under the terms of the deal, Esurance will offer instant online auto...

Article 21.55: Reason Prevails

Jun 4 2001 // For a generation, or so, courts around the country have thought that contract law was insufficient to regulate the claims conduct of insurance companies. Consequently, the common law of insurer bad faith has been created....

Esurance to Provide Quoting, Binding of Auto Policies on Ebix.com

May 31 2001 // Esurance Inc., a national quote-to-claims Internet-based provider of personal auto insurance, announced an agreement with the insurance portal ebix.com Inc. Under the terms of the agreement, Esurance will provide instant...

Allstate’s Good Hands Put Death Grip on Fraud Perpetrators

May 21 2001 // “You’re in good hands.”Those words have a profoundly different context if you happen to be part of a group of individuals who submit “creative” claims to Allstate. In that case, those good...

Allstate Acquires Sterling Collision Centers

May 15 2001 // The Allstate Corporation recently announced it has acquired Sterling Collision Centers Inc., which operates a network of 39 auto collision repair stores in seven states and nine metropolitan locations.According to George...

Esurance Partners with California Coast

May 1 2001 // Esurance Inc., a national quote-to-claims Internet-based provider of personal auto insurance, and California Coast Credit Union, one of San Diego’s largest credit unions, announced a partnership to provide its...

Prudential plc To Acquire Allstate Life Business in The Philippines, Indonesia

Apr 25 2001 // Britain’s Prudential plc will further expand its operations in Asia with the acquisition of Allstate’s majority holdings in two life insurance companies in The Philippines and Indonesia. Allstate said it was...

Allstate to Raise Rates in Seven States

Apr 21 2001 // Allstate Corporation, the second largest auto insurer, has received approval from seven state insurance departments to raise premiums rates on average of 3.3 percent. This increase comes after a raise in rates of about 12...

ALLSTATE CEO GETS ALL-STAR RAISE

Apr 2 2001 // Even as Allstate Corp. awarded its Chief Executive Edward Liddy a 14 percent pay increase last year, the company’s year-end results were mixed. Net profit for the year fell 19 percent to $2.2 billion, largely due to...

Agents at the Capitol

Apr 2 2001 // There were about 11 of them in the House insurance committee hearing room. These 11 Allstate “independent contractor” agents had left San Antonio that morning just after 7 a.m. They were joined by a few State...

Allstate Results Mixed, Liddy Pay Increased by 14 Percent

Mar 27 2001 // Even as Allstate Corp. awarded its Chief Executive Edward Liddy a 14 percent pay increase last year, the company’s year-end results were mixed. Net profit for the year fell 19 percent to $2.2 billion, largely due to...

Allstate Raises Rates, Others May Not Be Far Behind

Mar 14 2001 // Allstate Insurance, which insures 2.1 million drivers in California, Plans to raise premiums by 6.9 percent–a move that could force other companies to do the same, according to an article published yesterday in The...

Allstate Wins Landmark Fraud Case

Mar 12 2001 // On March 8, Allstate Corp., the second-largest auto insurer, was awarded $8.2 million in a landmark fraud case involving nine medical clinics accused of billing for treatments that were never rendered, according to an...

AUSTIN ALLSTATE OFFICE TO SHRINK

Mar 5 2001 // Allstate Corp. may lay off as many as 80 of its employees in Austin as a result of the company’s decision to merge its Austin-based Columbia Universal Life division into Allstate Financial Group by September. The...

Allstate Goes Direct Through InsWeb Portal

Feb 27 2001 // InsWeb and Allstate Insurance Co. have entered into a two-year services agreement under which Allstate will market its auto, homeowners, renters and condominium insurance products at InsWeb’s online...