Latest Allstate Headlines
All the headlines from our Allstate Topic Page, ordered by recency.
Allstate Doubles Q2 Profit
Aug 2 2017 // Allstate saw its profit more than double thanks to increased premiums, strong investment results and lower auto insurance claims frequency. Net income was $550 million for the second quarter of 2017 compared to $242...
Allstate’s Kennelly Joins Hub International as Head of Human Resources
Jul 25 2017 // Chicago-based global insurance brokerage Hub International Limited (Hub) has appointed Amber Kennelly chief human resources officer. Kennelly will be responsible for all HUB human resource strategic initiatives including...
Answer Financial Expands Insurance Comparison Site Into Homeowners Segment
Jul 25 2017 // Answer Financial, a personal lines insurance agency in the U.S., has expanded its insurance comparison platform to include homeowners and condo insurance. The expansion enables shoppers to compare rates and customize...
Esurance Co-Founder Wallace Joins Crowdsourced Insurer Reviewer Clearsurance
Jul 13 2017 // Esurance co-founder and former executive Chuck Wallace has joined Clearsurance, a crowdsourced review and ratings platform for the insurance industry, as an independent director. Wallace has held senior operating roles in...
Allstate’s Encompass Insurance to Exit Massachusetts This Summer
Jun 5 2017 // Encompass Insurance, an Allstate Insurance company that sells business through independent agents, outlined in its first quarter 2017 earnings release its intent to withdraw from Massachusetts starting in late June as part...
Allstate’s Encompass Insurance to Exit Massachusetts This Summer
May 11 2017 // Encompass Insurance, an Allstate Insurance company that sells business through independent agents, outlined in its first quarter 2017 earnings news release its intent to withdraw from Massachusetts as part of its profit...
Allstate’s Sadler Moves to Answer Financial as Director of Carrier Relations
May 5 2017 // Jeff Sadler has joined online insurance agency Answer Financial as director of Carrier Relations. Sadler will oversee strengthening the agency’s carrier platform to meet the needs of its growing customer base. He...
Allstate Q1 Profit Way Up as Auto Line Improves
May 3 2017 // Allstate saw its first quarter profit take a big jump this year to $666 million, up from the $217 million reported for the first quarter of 2016. Total revenue of $9.4 billion in the first quarter of 2017 increased by 6.3...
Allstate’s Catastrophe Losses Topped $780 Million in Q1
Apr 20 2017 // The Allstate Corp. announced estimated catastrophe losses for the month of March 2017 of $516 million, pre-tax ($335 million after-tax), and an estimated $781 million, pre-tax ($508 million after-tax), for first quarter...
Allstate Joins Firms Pulling Ads from ‘O’Reilly Factor’
Apr 5 2017 // More companies, including carmaker BMW and insurer Allstate, have pulled their advertising from Fox News’ “The O’Reilly Factor” television program days after the New York Times reported Fox and star...
Esurance Lays Off 30 Workers in South Dakota
Mar 31 2017 // About 30 Esurance employees in Sioux Falls have lost their jobs as part of cuts within the insurance company. The Argus Leader reports that has Esurance cut 100 jobs, mostly in Sioux Falls and in two California locations....
Allstate Ranks Collin, Smith as Texas’ Stormiest Counties
Mar 28 2017 // Storms in Texas affected more Allstate insured homes in Collin County than any other part of the state over the past five years, while Smith County saw the highest frequency of lightning, the company says. Allstate...
Fraud Investigations in Washington Lead to 2 Guilty, 2 Charged
Mar 9 2017 // Two people were found guilty of felonies and two others were charged in connection with insurance fraud investigations in Washington by Insurance Commissioner Mike Kreidler’s criminal investigations unit. Alhagie...
Insurance Safety Institute Elects Board Members; Allstate’s Yager Becomes Chairman
Feb 10 2017 // The Insurance Institute for Highway Safety is pleased to announce the election of Floyd M. Yager as the new chairman of its board of directors. Yager is senior vice president, property product management, Allstate...
Allstate Profit Up for 2016 Despite Higher Catastrophe Losses
Feb 3 2017 // Allstate ended 2016 with a solid profit thanks to premium hikes and tighter underwriting, despite a $853 million jump in catastrophe losses over the previous year. The property/casualty insurer ended up with more than $2.5...
Allstate’s ‘Worth Telling’ Campaign Celebrates Black History Month
Jan 30 2017 // In celebration of Black History Month, which begins Feb. 1, Allstate Insurance Co. is launching its annual digital, social and radio campaign, “Worth Telling.” “We are celebrating Black History Month by...
Device Insurer Bought by Allstate for $1.4 Billion Lost Money Last 5 Years
Jan 5 2017 // – Allstate Corp. said that the mobile-device insurer that it acquired for $1.4 billion had posted five years of losses before the deal. SquareTrade Holding Co.’s annual loss narrowed to $26.5 million in 2015...
Allstate Continues Its Technology Drive, Invests in Autonomous Vehicle Research at Stanford
Dec 15 2016 // Allstate Insurance Co., the nation’s largest publicly-held personal lines insurer, is continuing its drive into new technology, agreeing to a multi-year research project with the Intelligent Systems Laboratory at...
Allstate to Pay $1.4 Billion for SquareTrade, Seller of Warranties for Mobile Devices, Appliances
Nov 28 2016 // The Allstate Corp. agreed to acquire SquareTrade, a consumer electronics and appliance protection plan provider that distributes through many of America’s major retailers. Allstate said it will acquire the...
Allstate, Esurance Take Hit from Losses in Q3
Nov 4 2016 // Catastrophe losses climbed 78 percent for Allstate in its 2016 third quarter, a trend that led to a double-digit drop in net income and higher losses for Esurance, its online auto and home insurance provider. The...
