Latest Allstate Headlines
All the headlines from our Allstate Topic Page, ordered by recency.
Ford to Help Customers Connect to Allstate Insurance Driver Tracking Program
Mar 4 2020 // Allstate Corp. struck a deal with Ford Motor Co. that will allow some of the automaker’s customers to share data with the insurer for its program that tracks mileage. The majority of Ford and Lincoln 2020 model-year...
Allstate’s Growth Plan Includes Shift in Agent Commissions, Hike in Advertising
Feb 24 2020 // Allstate first disclosed its Transformative Growth Plan in December, an effort to overhaul how it does business, boost efficiency and reduce expenses. During the Illinois-based property/casualty insurer’s Q4 2019...
Allstate’s Growth Plan Includes Shift in Agent Commissions, Hike in Advertising
Feb 10 2020 // Allstate first disclosed its Transformative Growth Plan in December, an effort to overhaul how it does business, boost efficiency and reduce expenses. During the Illinois-based property/casualty insurer’s Q4 2019...
Judge Rejects Argument That Insurer Acted in Bad Faith by Using Automated Bill Pay
Feb 4 2020 // For the second time in a year, a federal judge rejected a plaintiff attorney’s argument that an insurance carrier acted in bad faith by using the Mitchell Decision Point program when calculating the value of a...
Allstate to Retire Esurance Brand
Dec 19 2019 // Allstate is retiring its Esurance brand and combining its remaining Allstate, Encompass and Answer Financial personal lines brands under a single business model. The company says dropping Esurance and creating the new...
Allstate’s Armstrong Takes Helm as Casualty Actuarial Society President
Nov 15 2019 // Steven D. Armstrong, FCAS, an insurance industry veteran with more than 25 years of experience, has begun his term as the president of the Casualty Actuarial Society (CAS). Armstrong has been actively involved with the CAS...
15 Safest Driving Cities in America
Sep 6 2019 // Brownsville, Texas, has the safest drivers in America for the second year in a row, according to the 2019 Allstate America’s Best Drivers Report. The report ranks the 200 largest U.S. cities by collision frequency...
Allstate CEO Calls On U.S. Corporations to Pay Employees More
Aug 22 2019 // U.S. businesses must focus on creating higher-paying jobs,Tom Wilson, Allstate chair, president and chief executive officer, writes in today’s New York Times. Wilson calls on America’s corporate leaders to...
Allstate Says Q2 Results Reflect Strategy Momentum
Jul 31 2019 // The Allstate Corp. said its second quarter results show that its strategy of increasing its market share in property and liability insurance products while also expanding into other protection products is working. Overall...
Allstate Says 60% of June Insured Cat Losses Came from Texas
Jul 18 2019 // Announcing total estimated catastrophe losses for June, Allstate Corporation attributed 60 percent of those losses to four severe wind and hail weather events that primarily impacted Texas. Allstate estimated catastrophe...
Amenity Analytics Raises $18 Million from Starr, Allstate, Others for Text Analysis Tool
Apr 16 2019 // Starr Companies and Allstate have contributed to an $18 million financing round for Amenity Analytics, a startup developing cloud-based analytics designed to help businesses analyze text on a massive scale. The New...
CSAA in California Names Allstate’s Troy President and CEO
Mar 26 2019 // The board of directors of the CSAA Insurance Group, a AAA insurer, has named Thomas M. Troy to succeed Paula F. Downey as the company’s chief executive officer and a member of its board of directors. The promotion is...
Allstate Buys Smartphone Repairer iCracked, Expanding Its Consumer Services
Feb 13 2019 // The Allstate Corp. said it has acquired iCracked, a provider of on-site, on-demand repair services for smartphones and tablets in North America. The privately held San Francisco-based company will join SquareTrade, a...
Allstate Q4 Catastrophe Loss Tempered by Higher Premiums, Reduced Auto Claims
Feb 8 2019 // The Allstate Corp. lost $312 million in its 2018 fourth quarter, which was attributable to higher catastrophe losses, lower investment income and a pension settlement charge. Catastrophe losses hit $963 million, versus...
Allstate, State Farm, USAA Sue California Utility Over Wildfires
Jan 8 2019 // Several insurance companies have filed lawsuits blaming Pacific Gas & Electric Co. for a deadly California wildfire that destroyed 14,000 homes and triggered billions of dollars in insurance claims. The lawsuits filed...
Allstate’s Shares Fall Under Weight of Wildfire Losses
Dec 17 2018 // Allstate Corp. tumbled for nine straight days, the longest string of losses since 2001, as coverage costs from the deadliest fires in California’s history are tallied. The company seemed to have “out-sized...
Allstate Says Losses from California Fires $670M, CEO Wants to Address Climate Change
Dec 13 2018 // Allstate this week announced estimated catastrophe losses for the month of November 2018 of $685 million, pre-tax ($541 million, after-tax). Catastrophe losses occurring in November comprised six events at an estimated...
Morgan Stanley: State Farm, Allstate Largest Insurers Exposed to Alaska Quake
Dec 3 2018 // State Farm, Allstate and USAA have the lion’s share of exposure from the magnitude 7.0 earthquake that struck Alaska on Nov. 30, according to a Morgan Stanley Research brief put out on Monday. The epicenter was...
Allstate Reported to Be Weighing Sale of Fixed-Annuities Business
Nov 9 2018 // Allstate Corp., the automobile and home-insurance giant, is exploring a sale of its fixed-annuities business, which stopped selling new policies about five years ago, people familiar with the matter said. The insurer is...
Allstate Reports $186 Million in Hail, Other Catastrophe Losses in August
Sep 21 2018 // The Allstate Corporation said estimated catastrophe losses for the month of August were $186 million, pre-tax ($147 million after-tax). Catastrophe losses occurring in August comprised 16 events at an estimated cost of...
