Latest Allstate Headlines
All the headlines from our Allstate Topic Page, ordered by recency.
Laid Off Tech Workers Are About to Get Help—From Allstate
Jan 23 2023 // Allstate Corp. plans to tap the pool of recently fired tech workers to help the insurer overhaul its business. The company—best known for auto and home policies—is investing in technology including artificial...
Allstate Readies Investors for Q4 Loss of Up to $335M
Jan 19 2023 // Allstate Corp. on Wednesday said it expects to end 2022 in the red with a net loss of between $285 million and $335 million for the fourth quarter, and a combined ratio of 109.1. Estimated adjusted net loss for the quarter...
Allstate Commits to 2030 Net Zero Emissions Goal
Dec 28 2022 // Allstate Corporation announced a commitment to achieve net zero emissions for direct, indirect and value-chain greenhouse gas emissions by 2030. In addition, the personal lines giant has set 2025 as the target year for...
State Farm Will Start Hiking Auto Rates, Allstate CEO Predicts
Dec 9 2022 // Allstate’s chief executive officer said his company will likely continue pushing for auto insurance rate hikes next year, and he expects the carrier’s largest mutual competitor—State Farm—to move in the...
Allstate in Talks to Return Headquarters to Chicago From Suburbs
Nov 7 2022 // Allstate Corp. is in talks about moving its headquarters to Chicago after selling the majority of its suburban campus earlier this year, potentially returning to a city that it quit decades ago. The insurer has held...
Allstate Q3 Net Income in the Red; Continues Efforts to ‘Restore Property-Liability Margins’
Nov 3 2022 // Allstate Corp. said it recorded a third quarter net loss applicable to common shareholders of $694 million compared to net income of $508 million a year ago during the same time. Allstate’s Q3 combined ratio was an...
Allstate Expects Q3 Net Loss Up to $725M; Ian Caused $366M Net Loss
Oct 19 2022 // Allstate Corp said it expects to report a third quarter net loss of of between $675 million and $725 million with pre-tax catastrophe losses, net of reinsurance, of $763 million. Catastrophe losses net of reinsurance for...
Auto Loss Costs Not Coming Down; Bigger Rate Hikes Ahead: Allstate CEO
Sep 20 2022 // Higher auto loss costs are here to stay, according to the leader of Allstate, who also said that his company will be pushing up auto insurance prices higher, and at a faster pace, for the balance of the year. Speaking at...
Georgia Insurance Commissioner Slams Allstate’s 25% Auto Rate Increase
Aug 22 2022 // The Georgia insurance commissioner is publicly shaming one of the country’s largest auto insurers after the carrier announced an average 25% rate increase in the state. “I am angry and disappointed that...
Allstate Executives Shuffle With Retirement of Property-Liability President
Aug 19 2022 // Allstate announced August 18 that Glenn Shapiro, president, Property-Liability, has decided to retire at the end of September. He joined Allstate as chief claims officer in 2016 and has held his current position since...
Allstate ‘Further Accelerating’ Rate Hikes Following Q2 Loss
Aug 4 2022 // Allstate Corp. said it is accelerating its plan to increase auto insurance rates as it reported unprofitable results for the second quarter. Allstate booked a net loss of $1.04 billion in the second quarter compared with a...
Allstate Outlines ‘Surgical’ Auto Rate Hikes to Combat Inflation
May 6 2022 // Rate increases in Allstate’s auto insurance business are in integral part of the insurer’s overall plan to address the impact of inflation. Wednesday during a conference call with analysts to discuss...
Allstate Q1 Net Income Returns to Black Despite Adverse Auto Results
May 4 2022 // First quarter 2022 insurance premiums earned grew 6.5% to about $11 billion at Allstate Corp., as net income was $630 million compared with a loss of about $1.4 billion during the first three months of 2021. Tom Wilson CEO...
Allstate to Increase Magnitude of Auto Rate Hikes in 2022
May 2 2022 // Allstate said it is raising auto insurance rates more due to continued upticks in physical damage and bodily injury severity. The personal property insurer said in a statement on April 21 that first quarter unfavorable...
Allstate to Increase Magnitude of Auto Rate Hikes in 2022
Apr 25 2022 // Allstate said it is raising auto insurance rates more due to continued upticks in physical damage and bodily injury severity. The personal property insurer said in a statement on April 21 that first quarter unfavorable...
Rate Hikes, Telematics, Data Science Leading Allstate Back to Profit
Mar 25 2022 // For the second time this month, a personal auto insurance giant devoted an investor conference to the topic of rate hikes, with Allstate executives also assuring listeners the carrier has various other tools to return to...
‘No Contest’ Plea Doesn’t Trigger Criminal Exclusion in Home Policy: Connecticut Court
Mar 7 2022 // An insured’s plea of nolo contendere to criminal charges does not trigger a criminal acts exclusion in a homeowners insurance policy governed by state law, the Connecticut Supreme Court recently ruled. A federal...
West Virginia High Court Says Email from Lawyer Enough to Settle Allstate Dispute
Feb 24 2022 // A lawyer’s email and voice mail were enough to settle a claim dispute and bar further litigation, despite a petitioner’s contention that thousands of dollars in damages were left unrepaired, the West Virginia...
Q4 Net Income Drops 50% for Allstate on Higher Auto Claims
Feb 3 2022 // Allstate Corp. said fourth quarter 2021 net income plummeted 50% compared to results of the prior year quarter as auto claim frequency and severity increased. Adjusted net income for Q4 was $796 million compared to about...
Allstate Buys Downtown Chicago Office Building After Selling Northbrook Campus
Jan 21 2022 // The Allstate Corp. has acquired an office building in downtown Chicago months after agreeing to sell most of its campus in Northbrook, Illinois. Allstate confirmed it purchased the property at 29 N. Wacker Drive in...
