Property and casualty insurer Chubb Ltd. estimated natural catastrophe losses for the second quarter to be about 54 percent higher than the first quarter, indicating another quarter of high losses due to natural disasters for insurers. Multiple weather events in …
A federal jury has awarded more than $27 million to four former Allstate employees who sued the insurer for defamation. The Chicago Tribune reported the employees worked for a now-defunct equity division of the Northbrook, Illinois-based company. According to court …
Texas storms affected more Allstate insured homes in Randall county than any other part of the state over the past five years, while Smith county saw the highest frequency of lightning. Allstate tallied the top 25 Texas counties affected by …
Insurance company Allstate has announced plans to open an innovation hub with 400 employees at Chicago’s Merchandise Mart. The Northbrook-based company announced that the 45,000-square-foot office space will house the company’s Quantitative Research & Analytics and Connected Car teams. The …
A subsidiary of Allstate has agreed to pay for the correction of faulty repair work performed on motor vehicles brought to unregistered body shops in Massachusetts, Attorney General Maura Healey announced on Sept. 24. The assurance of discontinuance with Encompass …
Allstate has launched a “Ride for Hire” endorsement for qualified transportation network company drivers that will be available in four states – Colorado, Illinois, Texas, and Virginia – by the end of this year. The Allstate Ride for Hire endorsement …
Allstate Corp. announced its plan to grow its exclusive agency count and hire more licensed sales staff and financial professionals in the Northeast region. Allstate said Monday that it seeks to appoint 63 new Allstate-exclusive agency owners, approximately 172 licensed …
Esurance has become Major League Baseball’s exclusive auto insurance partner in a multiyear agreement that includes title sponsorship of the sport’s new all-digital All-Star balloting. Neither MLB nor Esurance, which was bought by Allstate Corp. in 2011 as part of …
Allstate has tallied the top 25 Texas counties affected by severe weather; identifying areas with highest frequencies of wind and hail, and lightning related homeowner property damage claims from 2010 through 2014. Storms in Bell County, Texas, affected more Allstate …
Private auto insurance industry direct premiums written rose 5.13 percent in the third quarter of 2014, the largest third-quarter year-over-year growth in the past 10 years, according to an analysis by SNL Financial. The 30 largest auto writers by market …
