Based on third quarter reports, GEICO Corp. has surpassed Allstate Corp. to become the nation’s second-largest private auto insurer. According to data compiled by SNL, GEICO logged $4.89 billion in direct premiums written during the third quarter of 2013, while …
ING U.S. Inc. will begin selling fixed annuities through Allstate Corp. agencies as the largest publicly traded U.S. auto and home insurer ceases to offer its own brand of the retirement products. The deal gives ING U.S. access to one …
Esurance, the online car insurance seller owned by Allstate Corp., is betting that bundling auto and home policies will help it compete with Berkshire Hathaway Inc.’s Geico unit and Progressive Corp. Esurance started underwriting homeowners coverage in Wisconsin and plans …
Direct writer GEICO’s success in auto insurance sales is due to spending dollars on effective advertising rather than on agents, according to recent research from analysts at Nomura Equity Research, which notes that GEICO has overtaken Allstate to become the …
Allstate Corp. Chief Executive Officer Tom Wilson, whose company lost car insurance market share in the last three years, said competitor Geico could struggle to expand sales as it seeks to sell more policies at storefronts. Allstate has an agency …
Drivers in Washington, D.C. are the most accident-prone of any U.S. city, again placing at the bottom of an annual ranking by Allstate Corp. Motorists in the nation’s capital get in a collision every 4.8 years, more than double the …
More Texans file home burglary insurance claims on August 10 than any other day – according to a recent review by Allstate Insurance Co. Police say electronics, jewelry and cash are top targets during break-ins and obviously empty houses of …
Allstate Corp., the largest publicly traded U.S. auto and home insurer, said second-quarter profit climbed on investment gains and reduced costs tied to natural disasters. Net income climbed 2.6 percent to $434 million, or 92 cents a share, from $423 …
Trevor Johnson has joined the Ted Todd Insurance Agency’s senior management team as its sales manager. He will oversee sales operations in all seven of the Allstate ageny’s offices located in Bonita Springs, Estero, Fort Myers/Lehigh Acres, Cape Coral, Sarasota, …
Clive Cowdery, who earned a fortune cutting deals that consolidated the U.K. life insurance industry, is making a foray into the U.S. by buying a business from Allstate Corp. for $600 million (394 million pounds). Resolution Life Holdings Inc., a …
