Latest Allstate Headlines
All the headlines from our Allstate Topic Page, ordered by recency.
Allstate Profits Drop 40 Percent
Jul 21 2000 // Allstate Corp.’s second-quarter profits fell 40 percent due, in large part, to a battering of spring storms. The unusually heavy losses from catastrophes were not helped by higher claims and increased competition...
NAII Looks to Reverse Court Ruling, Files Friend of the Court Brief
Jul 11 2000 // The National Association of Independent Insurers (NAII) filed a friend of the court brief on June 28 asking for a reversal of a California Superior Court ruling related to the case of Lugo v. Allstate Insurance Company....
Esurance Expands Auto Insurance Into Five States
Jun 27 2000 // Esurance Inc., an Internet-exclusive provider of personal insurance, is expanding its auto insurance coverage area to five states with the addition of Colorado, Oregon, Minnesota, Virginia and Washington. Esurance now...
ALLSTATE’S CATASTROPHE LOSSES HIGH
Jun 26 2000 // There were no April Showers or May Flowers for Allstate Corp. this year. Rather the two spring months produced $340 million in catastrophe losses for the direct writer, whose announcement June 15 triggered a 7 percent...
LOSSES FOR ALLSTATE
Jun 26 2000 // April and May produced $340 million in catastrophe losses for Allstate Corp., whose June 15 announcement triggered a 7 percent reduction in the company’s stock value. The estimated losses were in addition to severe...
Insurance Companies Sue Denver Chiropractic Clinics
Jun 21 2000 // June 21, 2000 9:35 a.m. CDT Allstate Insurance Company, Liberty Mutual Insurance Company, and Progressive Casualty Company and three of its affiliates, served summons and complaints throughout the Denver area last Thursday...
Allstate’s Announced Catastrophe Losses Trigger Stock Downturn
Jun 16 2000 // There were no April Showers or May Flowers for Allstate Corp. this year. Rather the two spring months produced $340 million in catastrophe losses for the direct writer, whose announcement yesterday triggered a 7 percent...
Esurance Adds Eight States
Jun 5 2000 // “This is a significant step in our efforts to offer affordable, quality auto insurance to the entire U.S. driving population,” said Jean-Bernard Duler, chairman and CEO of Esurance. “Our services offer...
Allstate’s $900M Senior Notes Get ‘A+’
May 29 2000 // An “A+” rating was assigned to Allstate Corp’s $900 million in 7.875 percent senior notes by S&P. The notes are due in the year 2005. In addition, other S&P ratings on Allstate and the units of...
Allstate, Home Depot Announce Alliance
May 24 2000 // An alliance between Home Depot and Allstate Insurance Co. has the home improvement retailer supplying materials for home repairs to Allstate customers. The alliance started in January, but was not announced until this...
Woody Harrelson Sues Allstate
May 1 2000 // Actor Woody Harrelson is suing Allstate Corp., claiming the company wrongly stopped defending him in a lawsuit filed by two photographers. The breach-of-contract suit stems from a 1996 federal civil rights suit filed by...
On the Road: Insuring RVs
May 1 2000 // It’s not just your grandparents heading down the road in a Winnebago these days. As the population of RV owners grows, so does the market and the profit margins for insurers. In the 1950s, those silver, bullet-shaped...
ALL WRAPPED UP
May 1 2000 // Citigroup has completed its cash offer to purchase all outstanding shares of Class A common stock of Travelers Property Casualty Corp. at a price of $41.95 per share. Citigroup reported that a total of more than 52 million...
Insuring RVs
Apr 24 2000 // It’s not just your grandparents heading down the road in those Winnebagos these days. As the population of RV owners grows, so does the market and the profit margins for insurers. In the 1950s, those silver,...
Allstate Profits Drop; Cat Claims to Blame
Apr 20 2000 // Allstate Corp.’s first-quarter operating profits fell 27 percent, due largely to higher than expected catastrophe claims. The country’s number two property-casualty insurer announced that operating profit,...
Jury Awards Allstate $3.02 Million
Apr 18 2000 // A California federal jury awarded Allstate Insurance Company compensatory and punitive damages totalling $3.02 million against a group of defendants who allegedly participated in a fraud conspiracy after the Northridge...
INTERNET FOR ALL
Apr 3 2000 // Royal & SunAlliance USA and Internet-based insurance services company eCoverage have formed a business relationship to develop Internet capability to provide streamlined information access and processing support to...
Quackenbush Under Fire for Fund-Raising Tactics
Apr 3 2000 // California Insurance Commissioner Chuck Quackenbush collected political contributions from insurance companies and transferred $100,000 to his wife’s campaign accounts to repay her for personal loans she made to her...
Allstate N.J. Appoints 1st Exclusive Agent In 25 Years
Feb 3 2000 // Citing dramatic changes in the New Jersey auto insurance marketplace due to implementation of auto insurance reform, Allstate New Jersey Insurance Company (ANJ) today announced the appointment of Patricia Egberts, the...
InsurQuote to Provide Esurance Rating Info to Portals
Feb 2 2000 // InsurQuote Systems Inc., a provider of integrated insurance rating solutions, and Esurance Inc., a national provider of personal insurance online, announced plans for InsurQuote to supply its NetSync technology services to...
