Latest Allstate Headlines

Allstate Posts 9% Decline in Profit for 2008; Combined Ratio at 99.4%

Jan 29 2009 // Allstate reported consolidated revenues were $6.6 billion in the fourth quarter of 2008 and $29.4 billion for the 2008 year, a 9 percent drop from the previous year. The decrease in revenue of $2.4 billion and $7.4 billion...

Study: Deadliest Hotspots for Teen Crashes on New Year’s Holiday

Jan 11 2009 // Some have called New Year’s Eve “amateur hour” on the roads. That couldn’t be more true for teen drivers, who, even if they haven’t been drinking, lack experience behind the wheel. A recent...

Allstate To Raise California Homeowners’ Insurance Rates 6.9%

Jan 6 2009 // The California Department of Insurance has approved Allstate Insurance’s request to raise its homeowners multi-peril insurance rates 6.9 percent. For information, visit...

Study: Deadliest Hotspots for Teen Crashes on New Year’s Holiday

Dec 30 2008 // Some have called New Year’s Eve “amateur hour” on the roads. That couldn’t be more true for teen drivers, who, even if they haven’t been drinking, lack experience behind the wheel. A recent...

Best Affirms White Mountains and Subsidiaries Ratings

Dec 1 2008 // A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of selected subsidiaries of the Bermuda-based White Mountains Insurance Group, Ltd., including the FSRs of ‘A’...

Time to Sue

Nov 30 2008 // Contractual Limitations Provisions in Insurance Policies: What Every Agent and Broker Needs to Know Generally, the statute of limitations for the breach of an oral agreement is four years. However, a shorter period is...

Allstate Posts $923M Net Loss for Q3

Oct 23 2008 // Catastrophe losses and the global financial crisis contributed to a $923 million net loss for the third quarter of 2008, which reflects an operating loss of $190 million and net realized capital losses of $728 million, The...

Allstate Responds to Mich. Consumer Advocate’s Call for Investigation

Oct 20 2008 // Michigan’s new insurance consumer advocate wants the state to investigate Allstate Insurance Company. Melvin “Butch” Hollowell said on Oct. 7 that the insurer reported that Michigan’s drivers...

Shrinking Citizens Signals Progress in Florida Property Market

Oct 20 2008 // Florida remains focused on recovery of its property insurance market. But new rules for reinsurers, a national catastrophe plan and the use of occupational rating in insurance are also on the radar of Florida Insurance...

Allstate Responds to Mich. Consumer Advocate’s Call for Investigation

Oct 9 2008 // Michigan’s new insurance consumer advocate wants the state to investigate Allstate Insurance Company. Melvin “Butch” Hollowell said Tuesday the insurer reported that Michigan’s drivers drastically...

FBI: Man Accused of Faking Death to Collect $400,000 from Allstate

Oct 6 2008 // A man accused of faking his own death to swindle a Chicago-area insurance company out of more than $400,000 has been arrested by FBI agents. Fifty-six-year-old Abdelhamid Sedrati was the subject of an eight-year...

People

Oct 6 2008 // American International Group Inc. (AIG) named Edward M. Liddy as chairman and CEO. He succeeds Robert B. Willumstad. Stephen F. Bollenbach, who was named lead independent director in June 2008, continues in that...

Oct 6 2008 // American International Group Inc. (AIG) named Edward M. Liddy as chairman and CEO. He succeeds Robert B. Willumstad. Stephen F. Bollenbach, who was named lead independent director in June 2008, continues in that...

Allstate Launches Brain Fitness Program to Improve Older Driver Safety

Oct 1 2008 // Allstate today announced it is launching a groundbreaking brain fitness software program, InSight(TM). Examining the latest advance in driving safety, Allstate believes this innovative program has the potential to improve...

Allstate Names O’Brien to Lead Motor Club, Partnership Marketing Group

Sep 24 2008 // Northbrook, Ill.-based the Allstate Corp. recently announced that Patrick M. O’Brien will lead the combined entities of Allstate Motor Club (AMC) and Partnership Marketing Group (PMG) as president. He will also serve...

U.S. Looks to Former Allstate CEO Liddy to Run AIG

Sep 17 2008 // The U.S. government is betting former Allstate chief Edward M. Liddy is the safest pair of hands to oversee the dismantling of American International Group Inc. and prevent further unraveling of the world’s stressed...

State Farm, Allstate Agree on Mississippi Homeowners Rates

Sep 1 2008 // After months of separate discussion, State Farm and Allstate insurance companies reached an agreement with Mississippi Insurance Commissioner Mike Chaney on homeowners insurance rate filings. Allstate will see a statewide...

Allstate to Cut Rates, Write More to Resolve Florida Litigation

Sep 1 2008 // Florida Insurance Commissioner Kevin McCarty reached an agreement with the Allstate Companies that includes a $5 million fine, the lowering of homeowners rates in the state by 5.6 percent and a vow by the insurer to insure...

Auto Rates Rising for State Farm, Allstate Customers

Sep 1 2008 // Allstate and State Farm are raising their auto rates in Texas. State Farm filed with the Texas Department of Insurance increases of 2.4 percent and 7.3 percent, respectively, for its two auto insurance subsidiaries, State...

Allstate Targets Uninsured in Texas

Sep 1 2008 // A recent test of the Texas Auto Insurance Verification Program (TexasSure) found that 25.5 percent of the vehicles stopped in the test area — Travis County and parts of nearby Hays and Williamson Counties — are...