All the headlines from our Allstate Topic Page, ordered by recency.
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,...
Jan 2 2024 // After an Allstate Insurance investigation alleged that a well-known Florida pain clinic had conspired with an injury law firm and had fraudulently billed the auto insurer for unnecessary surgeries and risky procedures,...
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...
Aug 1 2023 // Allstate Corp. reported net catastrophe losses of $2.7 billion in the second quarter, resulting in a net loss for the period of $1.4 billion as catastrophe and underwriting losses offset other favorable factors.President...
Jul 27 2023 // Allstate Insurance is no longer eligible for one of the largest incentive packages from the state of North Carolina, created when Allstate pledged to add more than 2,200 workers in Charlotte. The insurance carrier said too...
Jul 25 2023 // The topic of a recent California insurance department workshop was the potential use of catastrophe modeling in ratemaking, but carrier representatives and consumers took the opportunity to air concerns about other...