Allstate Corp. reported that its profit more than doubled in the fourth quarter thanks to lower catastrophe losses and improved homeowners business. The big insurance company posted a fourth quarter net profit of $724 million compared to a fourth quarter …
The Maryland Court of Appeals, the state’s highest court, ruled in favor of Allstate last week. It upheld a previous lower court’s ruling that the insurer was within its rights to stop writing new homeowners policies in coastal areas of …
Allstate Corp. is asking to raise rates for 144,000 Louisiana homeowners who get their insurance coverage from two Allstate companies. According to the state insurance department, Northbrook, Ill.-based Allstate wants an average 11.3 percent increase for 71,000 homeowners covered by …
Allstate announced on Friday that the Superior Court of New Jersey has entered judgment in favor of Allstate New Jersey Insurance Company, a wholly owned subsidiary of Allstate Insurance Company, and dismissed all claims in the franchise lawsuits filed against …
Allstate Insurance is seeking to recover more than $1.1 million from 16 New York-area defendants. According to its federal complaint filed last week, the insurer alleges that a chiropractor, together with one layperson and two lay entities, illegally owned and …
Esurance, the onlinel car insurance company now owned by Allstate, has launched a new ad campaign around the concept, “Insurance for the Modern World. The campaign – which includes television, cinema, in-flight, online video and streaming radio among other media …
Allstate Insurance Company is seeking to recover $6.3 million against 83 New York area defendants in its seventh insurance fraud lawsuit of 2011. The complaint, filed under the Racketeer Influenced and Corrupt Organizations Act (“RICO”) and principles of common law, …
Allstate Insurance has asked Texas regulators to allow the company to raise homeowner rates by nearly 10 percent for some customers. Allstate spokesman Joe McCormick told the Dallas Morning News that the industry is concerned about the potential for more …
If all states implemented comprehensive graduated driver licensing (GDL) laws, an estimated 2,000 lives could be saved. Further, if all 50 states were to enact comprehensive GDL laws, it could generate savings of $13.6 billion per year. That’s according to …
In the wake of lackluster unemployment figures released on Friday a large insurance company is trying to draw attention to opportunities within Colorado in the industry and its firm. Friday’s report from the U.S. Bureau of Labor Statistics shows jobs …
