Allstate Insurance is seeking to recover more than $1 million against 10 New York area defendants it alleges filed fraudulent claims for psychological services. The lawsuit seeks reimbursement for personal injury protection benefits Allstate paid on behalf of its customers. …
Allstate Corp., the largest publicly traded U.S. home and auto insurer, said it lost $2 billion in April and May from severe tornadoes and thunderstorms, nearly equaling its catastrophe losses for all of 2010. The devastating two-month period, taken as …
Angelo Mozilo, the former Countrywide Financial Corp. chief executive, urged a federal judge to throw out Allstate Corp.’s lawsuit seeking to hold him responsible for losses on toxic mortgage debt it bought. The largest publicly traded U.S. home and auto …
Allstate Insurance Corp.’s plan to buy Esurance Insurance Group is being viewed positively by a key ratings analyst. A.M. Best Co. placed the financial strength rating of A- (Excellent) and issuer credit ratings of “a-“of Esurance Insurance Group under review …
In a bid to capture more business from customers who shop online, giant Allstate Corp. has agreed to pay $1 billion to buy two popular online insurance sellers — Esurance and the associated site, Answer Financial. Allstate will pay a …
The Allstate Corp. today announced $1.4 billion in estimated catastrophe losses for the month of April. The estimated April catastrophe losses total about $1.37 billion for the Allstate brand and about $30 million for Encompass brand. April catastrophe losses included …
Mississippi Gulf Coast residents have been told mitigation is the answer to the region’s high insurance rates. “What do you do to lower rates? It is pretty simple. If you want to lower rates on the Gulf Coast, you build …
Allstate Insurance says it wants to open nearly 50 new agency offices in Florida. About half of those openings will be in north Florida, the company said. “North Florida has shown incredible growth for our agencies,” says Bob Jackson, regional …
Allstate has launched a recruitment campaign across the West, seeking 15 exclusive agents in New Mexico, 34 in Arizona, 19 in Nevada and 20 in Utah. In New Mexico, targeted areas for agents include Albuquerque, Santa Fe and Las Cruces, …
Allstate Insurance Co. announced it plans to add 120 new agency owners in California during 2011, in an “aggressive recruiting campaign” in the state. Allstate signed on 44 new California “exclusive agents” in 2010 and 17 in 2009. Additionally, Allstate …
