Latest Allstate Headlines
All the headlines from our Allstate Topic Page, ordered by recency.
Business Moves
Jul 18 2011 // Esurance, Security First Esurance, the online car insurance company, said that it is partnering with Security First Insurance Co. as an underwriter to offer homeowners insurance in Florida. The move comes a little more...
Allstate Q2 Catastrophe Losses Now at $2.3 Billion
Jul 13 2011 // The Allstate Corp. announced $0.3 billion, pre-tax, in estimated catastrophe losses for the month of June 2011. June catastrophe losses comprised 13 events. Allstate previously announced $2.0 billion in estimated pre-tax...
Allstate Seeks Double-Digit Home Insurance Hikes in Florida
Jun 28 2011 // Two subsidiaries of Allstate Insurance Company Florida are seeking homeowners rate increases worth more than $90 million. Castle Key Indemnity Co. is seeking a 36 percent statewide average rate increase and Castle Key...
Esurance, Security First to Sell Homeowners Insurance in Florida
Jun 28 2011 // Esurance, the online car insurance company, said that it is partnering with Security First Insurance Co. as an underwriter to offer homeowners insurance in Florida. The move comes a little more than a month after Allstate...
Allstate Seeks to Recover $1 MiIlion in New York Fraud Lawsuit
Jun 24 2011 // Allstate Insurance is seeking to recover more than $1 million against 10 New York area defendants it alleges filed fraudulent claims for psychological services. The lawsuit seeks reimbursement for personal injury...
Allstate’s April-May Catastrophe Losses Top $2 Billion
Jun 16 2011 // Allstate Corp., the largest publicly traded U.S. home and auto insurer, said it lost $2 billion in April and May from severe tornadoes and thunderstorms, nearly equaling its catastrophe losses for all of 2010. The...
Countrywide’s Mozilo Asks to Dismiss Allstate Lawsuit
Jun 1 2011 // Angelo Mozilo, the former Countrywide Financial Corp. chief executive, urged a federal judge to throw out Allstate Corp.’s lawsuit seeking to hold him responsible for losses on toxic mortgage debt it bought. The...
Ratings Analyst Views Allstate Buy of Esurance Positively
May 23 2011 // Allstate Insurance Corp.’s plan to buy Esurance Insurance Group is being viewed positively by a key ratings analyst. A.M. Best Co. placed the financial strength rating of A- (Excellent) and issuer credit ratings of...
Allstate Targets Online Insurance Sales; Buys Esurance, Answer Financial
May 18 2011 // In a bid to capture more business from customers who shop online, giant Allstate Corp. has agreed to pay $1 billion to buy two popular online insurance sellers — Esurance and the associated site, Answer...
Allstate Reports $1.4 Billion in April Storm Losses
May 12 2011 // The Allstate Corp. today announced $1.4 billion in estimated catastrophe losses for the month of April. The estimated April catastrophe losses total about $1.37 billion for the Allstate brand and about $30 million for...
Young Agents Survey Shows Strong Family Ties
Apr 28 2011 // Bryan Hanes grew up in the family business listening to stories about life in a small town. He heard his grandfather and then father sharing cheerful conversations with local towns folk about personal relationships, local...
Allstate Seeks to Open 50 New Agencies in Florida
Apr 18 2011 // Allstate Insurance says it wants to open nearly 50 new agency offices in Florida. About half of those openings will be in north Florida, the company said. “North Florida has shown incredible growth for our...
Allstate Agrees to Reduced Rate Hike, Policy Drops in Mississippi
Apr 13 2011 // Mississippi Insurance Commissioner Mike Chaney has agreed to let Allstate Property and Casualty Co. increase homeowner insurance rates 19.4 percent in the state. Chaney said that Allstate was threatening to drop 18,000...
Allstate Looking to Open 50 New Agencies in Florida
Apr 7 2011 // Allstate Insurance says it wants to open nearly 50 new agency offices in Florida. About half of those openings will be in north Florida, the company said. “North Florida has shown incredible growth for our...
All in the Family
Apr 4 2011 // Young Agents Survey Reveals Strong Family Ties Bryan Hanes grew up in the family business listening to stories about life in a small town. He heard his grandfather and then father sharing cheerful conversations with local...
Allstate Seeks 88 Agents in West
Mar 16 2011 // Allstate has launched a recruitment campaign across the West, seeking 15 exclusive agents in New Mexico, 34 in Arizona, 19 in Nevada and 20 in Utah. In New Mexico, targeted areas for agents include Albuquerque, Santa Fe...
Allstate Sues Another Lender, Credit Suisse, Over Mortgage Securities
Mar 1 2011 // Allstate Corp. on Monday sued Credit Suisse Group AG, accusing the Swiss bank of causing losses by hiding the risks on $232 million of mortgage securities it bought. Allstate, the largest publicly traded U.S. home and auto...
Allstate Accelerates California Recruiting
Feb 23 2011 // Allstate Insurance Co. announced it plans to add 120 new agency owners in California during 2011, in an “aggressive recruiting campaign” in the state. Allstate signed on 44 new California “exclusive...
Allstate Sues Citi, Deutsche Bank Over Mortgage Securities
Feb 22 2011 // Allstate Corp. sued Citigroup Inc. and Deutsche Bank AG, accusing the banks of causing losses by hiding the risks on more than $385 million of mortgage securities it bought. Allstate, the largest publicly traded U.S. home...
Declarations
Feb 21 2011 // Allstate Exits Banking “Allstate Financial has refocused on insurance, retirement and investment products. That, combined with the changing regulatory environment, led us to the determination that operating Allstate...
