Latest Allstate Headlines
All the headlines from our Allstate Topic Page, ordered by recency.
Allstate Rates for Texas Homeowners Could Go Up
Dec 19 2011 // Allstate Insurance has asked Texas regulators to allow the company to raise homeowner rates by nearly 10 percent for some customers. Allstate spokesman Joe McCormick told the Dallas Morning News that the industry is...
All in the Family
Dec 16 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 Bundles Home Policies with Auto Policies in North Carolina
Dec 5 2011 // Allstate Insurance Co. has informed 45,000 homeowners in North Carolina that it will not renew their home policies unless they also purchase commercial or private auto insurance from the insurer by Dec. 15. Allstate...
Allstate Drops North Carolina Homeowners Who Insure Autos Elsewhere
Nov 22 2011 // Some North Carolina residents who insure their residences through Allstate are finding themselves dropped by the company for refusing to bundle their home and auto coverage. Allstate Insurance Co. has informed 45,000...
Allstate Announces $1 Billion Share Buyback Plan
Nov 10 2011 // Allstate Corp.’s board of directors has approved a new $1 billion share repurchase program. The Northbrook, Illinois-based company will issue a combination of preferred stock and senior unsecured notes totaling $1.25...
Business Moves
Nov 7 2011 // The Doctors Co., FPIC Medical liability insurer The Doctors Co. completed its previously-announced acquisition of FPIC Insurance Group Inc., a major provider of health care liability insurance in Florida, Texas, Georgia...
Pennsylvania Agency Owners Indicted for Fraud
Nov 4 2011 // Penn. Agency Owners Indicted Insurance agency owners from Pennsylvania were indicted this week with 13 counts of wire fraud, mail fraud and conspiracy to commit wire and mail fraud. Bruce and Irene Gardner, of Richboro,...
Colorado Allstate Agents Hiring Announcement Follows Lackluster Jobs Report
Nov 4 2011 // In the wake of lackluster unemployment figures released on Friday a large insurance company is trying to draw attention to opportunities within Colorado in the industry and its firm. Friday’s report from the U.S....
S&P Lowers Outlook on Allstate and Subs to Negative; Affirms Ratings
Nov 3 2011 // Standard & Poor’s Ratings Services has revised its outlook on Allstate Corp., Allstate Insurance Co. (AIC), and its core property-liability insurance companies (collectively, Allstate Protection), as well as the...
Allstate Suffers $1 Bilion in Disaster Losses in Q3
Nov 1 2011 // Allstate Corp. posted a sharply smaller profit for the third quarter, as the largest publicly traded home and auto insurer in the United States lost more than $1 billion due to natural disasters. Allstate also said it...
Allstate’s Q3 Disaster Losses Top $1 Billion
Oct 20 2011 // Allstate Corp. suffered nearly $1.1 billion in catastrophe losses in the third quarter, the country’s largest publicly traded home and auto insurer said Thursday. That is half of what Allstate lost in the second...
Allstate, Encompass Fined for Violating Delaware Auto Law
Oct 17 2011 // Delaware Insurance Commissioner Karen Weldin Stewart has fined Allstate Insurance Co. and its subsidiary Encompass Insurance Co. a total of $50,000 for violations of Delaware insurance law. The Allstate consent order...
Business Moves
Oct 17 2011 // Allstate, Esurance, Answer Financial The Allstate Corp. said it has obtained all required regulatory approvals and closed its acquisition of Esurance and Answer Financial from White Mountains Insurance Group Ltd. The...
Allstate Closes on $1 Billion Acquisition of Esurance, Answer Financial
Oct 7 2011 // The Allstate Corp. said it has obtained all required regulatory approvals and closed its acquisition of Esurance and Answer Financial from White Mountains Insurance Group Ltd. The purchase price was approximately $1...
Pennsylvania Motorcyclist Rule Upheld
Oct 3 2011 // A Pennsylvania court has ruled that an exclusion in underinsured motorist coverage for injuries incurred while on a motorcycle applies to motorcyclists injured after being thrown off their bikes. An underinsured motorist...
Allstate, Encompass Fined for Violating Delaware Insurance Law
Sep 30 2011 // Delaware Insurance Commissioner Karen Weldin Stewart has fined Allstate Insurance Co. and its subsidiary Encompass Insurance Co. a total of $50,000 for violations of Delaware insurance law. The fines are contained in two...
People
Sep 19 2011 // York, Penn.-based Glatfelter Insurance Group has formed Glatfelter Program Managers, a new strategic business unit dedicated to its program business. Arthur Seifert, most recently with Southwest Insurance Partners Inc. and...
People
Sep 19 2011 // XL Insurance has made six key appointments to its North America Construction team. The latest additions to XL Insurance’s North America construction team include: Lawrence Lejfer — Vice president and senior...
Pennsylvania Court Upholds Motorcyclist ‘On,’ ‘Off’ Exclusion
Sep 16 2011 // A Pennsylvania court has ruled that an exclusion in underinsured motorist coverage for injuries incurred while on a motorcycle applies to motorcyclists injured after being thrown off their bikes. An underinsured motorist...
Allstate Reports $500M in Losses from Hurricane Irene
Sep 15 2011 // Allstate Corp. lost $500 million on Hurricane Irene, the largest publicly traded home and auto insurer in the United States said Thursday, much less than it lost from tornadoes earlier this year. In total, Allstate said...
