Allstate to Acquire Insurer SafeAuto to Merge Into National General Brand June 2, 2021 Allstate has agreed to acquire Ohio-based SafeAuto, which offers car insurance that meets the minimum legal requirements in 28 states....
Insurers Report Estimated Q1 Catastrophe Losses April 20, 2021 Carriers are starting to report their pretax catastrophe loss estimates for the 2021 first quarter, and the numbers are significant....
Allstate Sees Surge in Demand for Pay-Per-Mile Insurance During COVID Shutdowns April 14, 2021 By Katherine Chiglinsky The COVID-19 shutdowns that swept the U.S. have been a boon for a newer auto-insurance product: pay-per-mile coverage. During the...
Allstate Reports Net Income Rose 52% for Q4 February 4, 2021 Insurer Allstate reported improved auto underwriting results and strong investment returns for the fourth quarter 2020. Net income was up...
Allstate to Sell Life Insurance Company to Blackstone for $2.8B to Grow in P/C January 27, 2021 By Susanne Sclafane The Allstate Corp. is selling Allstate Life Insurance Co. to entities managed by investment firm Blackstone for $2.8 billion. Explaining...
Insurers Ink $90 Billion in Merger Deals as They Pursue Post-Coronavirus Clout December 10, 2020 By Lucca de Paoli Insurers pummeled by the pandemic are looking to deals as they race to see who’ll emerge strongest when the outbreak...
Allstate Reports 26.7% Increase in Q3 Net Income to $1.13 Billion November 5, 2020 The Allstate Corp. reported a 26.7% increase in its third quarter net income, primarily due to higher auto insurance underwriting...
Indiana Court: Allstate Liable in Fatal Crash Because Victim Was a ‘Resident Relative’ October 14, 2020 By Jim Sams The Indiana Supreme Court has ruled that Allstate must pay $25,000 in uninsured motorist benefits to the estranged husband of...
An Insurance Lyft: CSAA Forms Rideshare Carrier; Allstate, Liberty Mutual Offer Coverage October 6, 2020 By Amy O'Connor A new carrier has joined the rideshare insurance market, offering coverage to Lyft drivers in 11 states. At the same...
Allstate to Cut 3,800 Jobs as Latest Step in Multi-Year Growth Plan October 1, 2020 The Allstate Corp. said it will cut approximately 3,800 jobs in claims, sales, service and support functions as part of...