Latest Allstate Headlines
All the headlines from our Allstate Topic Page, ordered by recency.
AIG CEO, Chairman Liddy Calls It Quits; Search On for 2 Replacements
May 21 2009 // American International Group, Inc. (AIG) announced today that Chairman and Chief Executive Officer Edward M. Liddy intends to step down once the board finds replacements for him. Liddy has recommended that the chairman and...
Allstate Declines TARP Bailout Funds
May 19 2009 // Allstate Corp., the largest publicly-traded U.S. home and auto insurer, said it will not take funds from the government’s Troubled Asset Relief Program, after winning eligibility last week to do so. Chief Executive...
Direct Writers Continue Battle for Massachusetts Auto Market
May 19 2009 // Direct writers continue to target the Massachusetts personal auto insurance market, as one major national carrier announced it has written its first policy in the state and another says it will begin writing direct in...
Some Insurers Including Allstate Might Not Need Federal Funds
May 18 2009 // Government approval for billions of dollars in taxpayer bailout funds for life insurers is dividing the industry into haves and have-nots, with Ameriprise Financial Incand possibly others rejecting the government’s...
Ratings: Allstate, Arrowhead, Nat’l. Lloyd’s/Summit, ISMIE Mutual, Greenville Casualty, Un. Farm Indiana
May 13 2009 // Standard & Poor’s Ratings Services has assigned its ‘A-‘ senior debt rating on Allstate Corp.’s (ALL) recently priced senior debt issue. S&P also affirmed its ‘A-‘ counterparty...
New York Wants Allstate Info on Credit Default-Swaps
Apr 20 2009 // The New York state Insurance Department said it wants information from Allstate Corp. on its participation in unregulated insurance markets. The agency also said Allstate officials must report anything they know about...
Direct Writers Reconsidering Massachusetts
Apr 6 2009 // As Managed Competition Marks Anniversary, Agency-Distributed Auto Insurance Faces New Rival It’s finally happened: Geico is entering the auto insurance market in Massachusetts. Insurance Commissioner Nonnie Burnes...
Allstate Tests Brain Fitness Exercise Software and Driver Safety in Pennsylvania
Mar 31 2009 // Posit Science, a brain fitness company, announced today that it has extended its relationship with auto insurer Allstate. The companies began working together six months ago in a program to determine whether brain fitness...
Allstate Agents Back in Court over Claims of Age Bias by Insurer
Mar 25 2009 // A group of insurance agents asked a federal appeals court on Monday to revive an age discrimination lawsuit over the Allstate Insurance Co.’s decision to switch thousands of them from employees to independent...
Esurance Exploring Massachusetts Personal Auto Market
Mar 24 2009 // Esurance, a San Francisco-based personal auto insurance direct writer, has taken preliminary steps to obtain a license to sell auto insurance in Massachusetts — although the company says it has no immediate plans to...
Business Moves
Mar 23 2009 // State Farm Fire and Casualty Co. Nevada Insurance Commissioner Scott J. Kipper has approved a rate change for homeowners insurance premiums as filed by State Farm Fire and Casualty Co. The rate change will become effective...
West Virginia’s BrickStreet Mutual Names Allstate’s Laska as CIO
Mar 16 2009 // Tony Laska has joined workers’ compensation insurer BrickStreet Mutual Insurance Co. as its senior vice president and chief information officer. Laska comes to West Virginia from the Chicago area, where he had been...
Pennsylvania Court Scolds Firm Paying Advances on Settlements
Mar 11 2009 // A federal appeals court, ruling in a case linked to the 1985 MOVE bombing in Philadelphia, blasted a Texas company that offers lump-sum advances to plaintiffs who settle lawsuits. The settlement stemmed from a lawsuit...
Allstate Joins Personal Insurance Federation of California
Mar 4 2009 // The Board of Directors of the Personal Insurance Federation of California (PIFC) has voted unanimously to accept Allstate Insurance Co. as the newest member of PIFC. Allstate is the first new company to join PIFC in 15...
Allstate, State Farm Dismissed from Case Charging Katrina Overbilling
Feb 20 2009 // A federal appeals court upheld the dismissal of Allstate Corp. and State Farm Fire and Casualty Co. from a lawsuit accusing them of overbilling the U.S. government for flood damage in Louisiana related to the 2005 storm...
Allstate Lowering Rates on Colorado Auto Policies
Feb 18 2009 // Colorado’s Division of Insurance announced that Allstate Insurance Group has decreased its rates for private passenger automobile policies in the state, providing a savings of $6.8 million to consumers through...
Allstate Asks New Jersey for 15.4% Rate Hike
Feb 5 2009 // The right coverage at the right price could cost more in New Jersey. Allstate New Jersey Insurance Co. is asking the state for permission to raise rates by 15.4 percent on average. The insurer says the higher premiums are...
Best Sees No Ratings Change for Allstate Insurance, Allstate Financial
Feb 3 2009 // A.M. Best Co. has commented that its ratings and outlook on Allstate Insurance Group and The Allstate Corporation (Allcorp) “remain unchanged, despite recently reported fourth quarter 2008 financial results, which...
Fitch Downgrades Allstate Corp. and its Subs; Outlook Remains Negative
Feb 3 2009 // In contrast to A.M. Best and Standard & Poor’s, Fitch Ratings has downgraded the senior debt rating of the Allstate Corporation to ‘BBB+’ from ‘A’, and the financial strength ratings of...
S&P Lowers Allstate’s Operating Co. Ratings to ‘AA-‘; Outlook Negative
Jan 30 2009 // Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on Allstate Corp.’s core property-liability (Allstate Protection) and life insurance (Allstate...
