Allstate Corp., the largest publicly traded U.S. home and auto insurer, said it’s cutting some retirement benefits for employees in a move that will increase book value by a range of $1.70 to $2 a share. The adjustments include a …
Allstate Corp., the largest publicly traded U.S. home and auto insurer, said second-quarter earnings will be cut by about $320 million on costs tied to extinguishing debt. Allstate paid about $2.3 billion to retire bonds with a principal amount of …
Michael Pelonero came to Moore to help victims of the May 20th tornado. But he hadn’t planned on trying to outrun one. When a massive EF-5 twister cut a swath through the central Oklahoma suburb of Moore, it left 24 …
Companies have for some time been diversifying, and sometimes curbing, their appetite for multimillion-dollar sports sponsorships, so an enterprising insurance company president saw that trend as an opportunity to get his company’s name out there in a big way. Encompass …
The Allstate Insurance Company has named Larry Sedillo field senior vice president for the company’s Texas region, where he will lead business operations. Being appointed to this top spot in Texas has special meaning to the Allstate executive because he …
The new auto insurance pricing study from the Consumer Federation of America (CFA) is getting roundly criticized by insurance industry representatives. The representatives say that states’ auto insurance marketplaces are highly competitive, with most drivers having dozens of auto insurers …
Allstate says it’s planning to add 136 new jobs in Ohio. The insurance company said that it plans to appoint 12 new insurance-agency owners in Columbus and hire 36 licensed sales representatives for new and existing agencies in the region. …
Allstate Corp.’s chief executive said the company’s effort during the past five years to reduce exposures along the East Coast is helping to lower Sandy-related losses. “It’s still too early to tell on either the volume, the mix or the …
Allstate announced this month that it has expanded its usage-based auto insurance product, Drive Wise, to four additional states including New York and New Jersey. “Drive Wise rolled out in Colorado, Michigan, New Jersey and New York on October 8, …
It’s not just the gas-guzzling SUVs that are hurting the driving fuel efficiency.The growing average weight of Americans is responsible for millions of gallons of additional gasoline used in the country every year, according to Allstate.
