December 18, 2014
Reaction to industry-wide price optimization allegations from a consumer group known to call out insurers has been somewhat critical yet guarded – however it appears regulators may already be starting to look into the practice. Consumer Federation of America this …
September 15, 2014
The Texas insurance commissioner has allowed the three largest home insurers to impose significant rate hikes on many policyholders despite the objections of a state consumer advocate. Insurance Commissioner Julia Rathgeber can reject any new rates that are deemed excessive …
April 9, 2014
Under its effort to continue expanding across Colorado, Allstate says it will appoint 24 new agency owners in the state this year and it will offer to pay people for referring qualified candidates. Including support staff the expansion is expected …
March 20, 2014
After two years of double-digit percentage increases in advertising spending, GEICO Corp. boosted its ad spend by just over five percent in 2013, according to research by SNL Financial. GEICO, with its Gecko and Maxwell the pig mascots, has been …
February 21, 2014
Allstate Corp., the largest publicly traded U.S. home and auto insurer, increased its agency count for the first time since 2007 as the company targeted growth beyond the U.S. East Coast to diversify risk. The insurer had 11,600 Allstate-exclusive agencies …
February 20, 2014
Allstate Corp. said estimated catastrophe losses for the month of January were $277 million. The cost is $180 million after tax, the personal lines insurer said. Catastrophe losses were from six events at an estimated cost of $271 million, pre-tax, …
February 6, 2014
Allstate Corp. aims to grow its share of the U.S. home and auto insurance markets without the need for “abnormally large” rate increases, its CEO said, after the company’s profit more than doubled in the fourth quarter. Shares of Allstate, …
January 9, 2014
Illinois drivers should get ready to pay more for insurance. Northbrook-based Allstate says in a regulatory filing that rates for customers will climb between 2.5 and 3.5 percent later this month. Esurance rates are rising about 3.2 percent in late …
January 9, 2014
Allstate Insurance Co. has announced plans to appoint new agency owners in Indiana, Michigan and Ohio this year. The company plans to appoint 21 new insurance agency owners in Indiana. Additionally, Allstate’s new and existing Indiana insurance agencies plan to …
January 5, 2014
Texas’ three largest home insurers are kicking off 2014 with steep increases in policyholder premiums, according to a report published on Jan. 4. The Dallas Morning News reports that Allstate, Farmers and State Farm plan to raise rates for most …