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...
Allstate to Buy National General for $4 Billion, Growing Auto, Independent Agent Business July 8, 2020 U.S. Insurer Allstate Corp. said on Tuesday it will buy National General Holdings Corp. for about $4 billion in cash,...
Progressive, Travelers, USAA Latest to Offer Insureds Discounts, Other Accommodations April 9, 2020 By Andrew G. Simpson More insurers are coming forward every day with discounts, extended coverage and relaxed payment terms for insureds affected by shelter-in-place...
Allstate Announces $1.3M Shelter-in-Place Payback to Mainers April 8, 2020 Allstate is returning savings resulting from shelter-in-place orders back to consumers. This comes as the company cited an unprecedented decline...
GEICO, Farmers, Liberty Mutual Join Insurers Giving Breaks to Drivers, Businesses April 7, 2020 More auto insureds and small businesses are getting a break on their insurance premiums to help them through the coronavirus...
Wisconsin’s American Family to Return $200M to Auto Insurance Customers April 6, 2020 Madison, Wisconsin-based American Family Insurance says it will return approximately $200 million to its auto insurance customers as the COVID-19...