Allstate News

Allstate Agents Returning to Massachusetts After 25 Years

Allstate Insurance Co. is reopening brick-and-mortar offices in Massachusetts after a quarter century of absence. Back in 1987, the Northbrook, Ill.-headquartered Allstate closed its offices in Massachusetts and pulled out of the market, citing the state’s strict regulation of auto …

Allstate Raising Homeowner Rates in Louisiana

Allstate Corp. is raising rates for 144,000 Louisiana homeowners who get their insurance coverage from two Allstate companies. The company announced that about 71,000 homeowners insured by Allstate Insurance Co. will see their rates increase by 11.3 percent, while 73,000 …

Allstate Sues Florida Neurologic Clinic for $7.6M in False Claims

A Florida neurologic clinic that specializes in treating patients with traumatic brain and spinal cord injuries is being sued by a major automotive insurance company for more than $7 million in false claims stemming from charges it abused patients, failed …

10 U.S. Cities with Safest Drivers

This year’s top honor of “America’s Safest Driving City” is Sioux Falls, South Dakota, where the average driver will experience an auto collision every 13.8 years, which is 27.6 percent less likely than the national average of 10 years. Allstate …

Allstate Names Gupta as Chief Marketing Officer

Personal lines insurer Allstate has named Ally Financial’s Sanjay Gupta to its senior leadership team as executive vice president and chief marketing officer. Gupta will be responsible for Allstate’s marketing and consumer-focused initiatives and will report to Thomas J. Wilson, …

Florida Regulators Question Castle Key Rate Increases

Florida regulators are questioning the increases sought by two property insurers that could raise rates on some homeowners by more than 40 percent, even as they reduce their number of policies. Castle Key Insurance Co., is seeking a statewide average …

Allstate Blows Past Q2 Earnings Estimates on Lower Disaster Impact

Home and auto insurer Allstate Corp swung to a profit in the second quarter, smashing recently lowered Wall Street expectations, after its disaster losses were less than half of the record-breaking level they hit last year. Shares rose 3.6 percent …

Allstate Says It’s Ramping Up Agent Recruiting in Northeast

Allstate Insurance Company said on Tuesday that it is looking to appoint 140 new agency owners in Connecticut, Maine, New Hampshire, Pennsylvania, Rhode Island and Vermont. Allstate said the move is part of its strategy to ramp up its presence …

Look Out Gecko and Flo, ‘Mayhem’ Man, QB and Professor Are Gaining On You!

The gecko, caveman and sales clerk Flo might want to check their retirement plans. Their brands are getting overshadowed by competition from “upstarts” like the Allstate mayhem man, State Farm’s QB Aaron Rodgers and the Farmers University professor. The Geico …

No Push Back on Allstate Rates by Texas Insurance Regulators

Homeowner insurance rate hikes filed in Texas by Allstate Insurance in December 2011 have passed muster with Texas insurance regulators. The company made a rate adjustment of 5.7 percent statewide for Allstate Texas Lloyds (ATL) policyholders effective for renewals processed …