Latest Allstate Headlines
All the headlines from our Allstate Topic Page, ordered by recency.
Allstate Says It’s Ramping Up Agent Recruiting in Northeast
May 15 2012 // Allstate Insurance Company said on Tuesday that it is looking to appoint 140 new agency owners in Connecticut, Maine, New Hampshire, Pennsylvania, Rhode Island and Vermont. Allstate said the move is part of its strategy to...
Ratings: North Country, Liberty Mutual (notes), Allstate (shelf), Am. Freedom
May 9 2012 // A.M. Best Co. has upgraded the financial strength rating to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating to “a-” from “bbb+” of Watertown, New York-based North...
Southeast Agencies, Carriers Now Hiring
May 7 2012 // Here is some of the positive insurance employment news for the Southeast: Allstate In February, Allstate Insurance announced it was looking to appoint 124 new agency owners in Alabama, Georgia, North Carolina and South...
Allstate Profit Jumps 46% in Q1
May 3 2012 // Allstate Insurance reported a first quarter profit of $766 million, up by about 46 percent from a year-earlier profit of $524 million. The increase was due to improvement in operating income and, to a lesser extent,...
Southeast Insurance Employment: Agency, Carrier Plans Brighten Picture
Apr 18 2012 // Those interested in new or better positions in insurance might want to grab their suntan lotion and head to the Southeast. They might also want to brush up on their Spanish. The unemployment rate remains higher in key...
Actuary Analyzes Insurance Twitter Messages, Wins Prize
Apr 11 2012 // Usually actuaries focus on insurance rates and loss reserves, not advertisements. But according to one actuary: Jake, the State Farm agent whom a jealous housewife was convinced was up to no good with her husband –...
Severe Weather Has Home Insurers Rethinking Coverages
Apr 10 2012 // As weather disasters strike with more frequency, U.S. homeowners first get hit with the destruction or total loss of property. Many are then hit with the unexpected loss of homeowners insurance policies as insurance...
Wind and Hail Impacted Abilene and North Texas the Most in 2011
Mar 30 2012 // Allstate Wind and Hail Claims Jump 45% Statewide Last Year Hail and wind impacted more Allstate insured homes in the Abilene area and North Texas than in any other part of the state last year. Allstate tallied the top 25...
Look Out Gecko and Flo, ‘Mayhem’ Man, QB and Professor Are Gaining On You!
Mar 29 2012 // The gecko, caveman and sales clerk Flo might want to check their retirement plans. Their brands are getting overshadowed by competition from “upstarts” like the Allstate mayhem man, State Farm’s QB Aaron...
No Push Back on Allstate Rates by Texas Insurance Regulators
Mar 22 2012 // Homeowner insurance rate hikes filed in Texas by Allstate Insurance in December 2011 have passed muster with Texas insurance regulators. The company made a rate adjustment of 5.7 percent statewide for Allstate Texas Lloyds...
Maryland Court Sides With Allstate in Coastal Homeowners Case
Feb 20 2012 // The Maryland Court of Appeals, the state’s highest court, recently ruled in favor of Allstate. The court upheld a previous lower court’s ruling that the insurer was within its rights to stop writing new...
Allstate Readies Homeowners Product for More States
Feb 7 2012 // Look for Allstate to roll out a new homeowners product in phases to additional states through 2014. The insurer launched its new homeowners product, House & Home, in Oklahoma in October 2011. It offered new discounts...
Allstate Doubles Q4 Profit
Feb 2 2012 // Allstate Corp. reported that its profit more than doubled in the fourth quarter thanks to lower catastrophe losses and improved homeowners business. The big insurance company posted a fourth quarter net profit of $724...
Maryland High Court Sides With Allstate in Coastal Homeowners Case
Jan 31 2012 // The Maryland Court of Appeals, the state’s highest court, ruled in favor of Allstate last week. It upheld a previous lower court’s ruling that the insurer was within its rights to stop writing new homeowners...
Allstate Wants a Rate Increase in Louisiana
Jan 25 2012 // Allstate Corp. is asking to raise rates for 144,000 Louisiana homeowners who get their insurance coverage from two Allstate companies. According to the state insurance department, Northbrook, Ill.-based Allstate wants an...
Allstate Revises Agent Compensation Plan
Jan 23 2012 // Allstate’s captive agents have been spared part of a planned cut in their commissions as the insurer has revised its compensation strategy. The insurer said it would cut its base commission to its agents to 9 percent...
N.J. Court Rules for Allstate in Agency Lawsuits
Jan 23 2012 // Allstate said the Superior Court of New Jersey has entered judgment in favor of Allstate New Jersey Insurance Company, a unit of Allstate Insurance Company, and dismissed claims in the franchise lawsuits filed against...
Allstate Revises Agent Compensation Plan
Jan 9 2012 // Allstate’s captive agents have been spared part of a planned cut in their commissions as the insurer has revised its compensation strategy. The Illinois-based insurer confirmed that it would cut its base commission...
N.J. Court Rules in Favor of Allstate in Agency Franchise Lawsuits
Jan 7 2012 // Allstate announced on Friday that the Superior Court of New Jersey has entered judgment in favor of Allstate New Jersey Insurance Company, a wholly owned subsidiary of Allstate Insurance Company, and dismissed all claims...
Allstate Files $1.1M Fraud Case Against N.Y. Chiropractor Businesses
Jan 5 2012 // Allstate Insurance is seeking to recover more than $1.1 million from 16 New York-area defendants. According to its federal complaint filed last week, the insurer alleges that a chiropractor, together with one layperson and...
