Latest Allstate Headlines
All the headlines from our Allstate Topic Page, ordered by recency.
Allstate Inks $232M Deal to Sell Most of Campus in Illinois
Nov 29 2021 // The Allstate Corp. announced it has reached an agreement to sell the property making up the majority of its campus in Northbrook, Illinois, to Dermody Properties for approximately $232 million. The sale is expected to...
Allstate to Sell Northbrook Headquarters in Strong Endorsement of Hybrid Work
Oct 11 2021 // Allstate Corp. plans to sell its headquarters building, marking the U.S. finance industry’s firmest endorsement yet of the desire to offer hybrid work after the pandemic. With many employees choosing to work...
Allstate Completes Sale of Life Insurance Company of New York
Oct 4 2021 // The Allstate Corp. moved closer to its complete exit from the life insurance and annuity business with the closing of the sale of its Allstate Life Insurance Company of New York to Wilton Re for approximately $400...
Allstate: Most August 2021 Cat Losses Occurred in Louisiana
Sep 16 2021 // The Allstate Corporation estimates catastrophe losses for August 2021 at of $876 million or $692 million, after-tax. The bulk of those losses are the result of Hurricane Ida and the majority occurred in Louisiana, the...
Allstate Among Large Firms Linking CEO Pay to Diversity Gains
Jul 27 2021 // Corporate diversity has become the most common type of sustainability metric used in setting executive pay, a new study found, as companies look to increase the share of women and minorities in their workforces. Among 61...
Allstate CEO Strategy: More Independent Agents But No More ‘Human Modems’
Jul 5 2021 // Allstate Corp. wants to buy more independent insurance agencies this year to build the business it acquired with its purchase of National General, Allstate Chief Executive Tom Wilson told Reuters last month. But the agents...
Allstate CEO Strategy: More Independent Agents But No More ‘Human Modems’
Jun 24 2021 // Allstate Corp. wants to buy more independent insurance agencies this year to build the business it acquired with its purchase of National General, Allstate Chief Executive Tom Wilson told Reuters on Wednesday. But the...
People Moves: Allstate’s Chauhan Heads Zurich NA Strategy; AGCS Expands Executive Team With Laufer, Pignataro
Jun 7 2021 // Neeren Chauhan has been named head of Strategy, Innovation & Business Development for Zurich North America. Chauhan joins Zurich after serving as vice president, Distribution Transformation and Market Share Growth, for...
Allstate to Acquire Insurer SafeAuto to Merge Into National General Brand
Jun 2 2021 // Allstate has agreed to acquire Ohio-based SafeAuto, which offers car insurance that meets the minimum legal requirements in 28 states. The acquisition will be through Allstate subsidiary National General and SafeAuto will...
Allstate Q1 Revenue Soars 26% on National General, Premium Gains
May 6 2021 // Allstate reported an overall $1.4 billion net loss in the first quarter due to the sales of its life and annuity businesses, compared to net income of $513 million in the first quarter of 2020. However, net income adjusted...
Allstate Sees Surge in Demand for Pay-Per-Mile Insurance During COVID Shutdowns
Apr 14 2021 // The COVID-19 shutdowns that swept the U.S. have been a boon for a newer auto-insurance product: pay-per-mile coverage. During the pandemic, Allstate Corp. has seen interest surge in its Milewise offering, which lets...
Allstate’s Sale of New York Unit to Wilton Re to Complete Exit from Life, Annuity Business
Mar 29 2021 // The Allstate Corp. said it has agreed to sell its New York life insurance and annuity operation to Wilton Re for $220 million. The selling of Allstate Life Insurance Company of New York (ALNY), along with the previously...
Allstate Reports Net Income Rose 52% for Q4
Feb 4 2021 // Insurer Allstate reported improved auto underwriting results and strong investment returns for the fourth quarter 2020. Net income was up 52% to $2.6 billion for the quarter compared to net income of $1.7 billion in the...
Allstate to Sell Life Insurance Company to Blackstone for $2.8B to Grow in P/C
Jan 27 2021 // The Allstate Corp. is selling Allstate Life Insurance Co. to entities managed by investment firm Blackstone for $2.8 billion. Explaining the move from Allstate’s perspective, Allstate CEO Tom Wilson referred to a...
The Villages Insurance Partners of Florida Adds Allstate Agent Sheats
Jan 21 2021 // The Villages Insurance Partners of Florida has added Alexis Ball-Sheats to its team of Personal Lines Risk Consultants. Ball-Sheats will be one of three licensed risk consultants at the agency’s Mulberry Grove...
Former Allstate Counsel Picked to Lead Illinois Insurance Department
Jan 7 2021 // Dana Popish Severinghaus, formerly Legislative and Regulatory Counsel at Allstate Insurance Co., has been named director of the Illinois Department of Insurance. Popish Severinghaus has extensive legal, policy, government...
Allstate Hires Only Banks Owned by Minorities, Women, Veterans for Big Bond Sale
Nov 20 2020 // Allstate Corp. hired solely banks owned by minorities, women or veterans for its bond sale, in the biggest corporate deal yet managed only by diverse firms. The insurer enlisted Loop Capital Markets, Academy Securities,...
Allstate Reports 26.7% Increase in Q3 Net Income to $1.13 Billion
Nov 5 2020 // The Allstate Corp. reported a 26.7% increase in its third quarter net income, primarily due to higher auto insurance underwriting income and net realized capital gains. Allstate’s third quarter net income able to...
Indiana Court: Allstate Liable in Fatal Crash Because Victim Was a ‘Resident Relative’
Oct 14 2020 // The Indiana Supreme Court has ruled that Allstate must pay $25,000 in uninsured motorist benefits to the estranged husband of a woman who died while riding as a passenger in a car crash after moving back in with her...
An Insurance Lyft: CSAA Forms Rideshare Carrier; Allstate, Liberty Mutual Offer Coverage
Oct 6 2020 // A new carrier has joined the rideshare insurance market, offering coverage to Lyft drivers in 11 states. At the same time, ridesharing firm Lyft’s drivers now also have access to coverage from Allstate and Liberty...
