Giant insurer Allstate Corp., based in Northbrook, Ill., doesn’t have much to fear from a Mississippi class-action lawsuit that seeks to have insurers in the state reopen closed Hurricane Katrina claims, according to the company’s chief executive. Rival State Farm …
No need to be unkind “It’s not a popular position. I’ve had people who have said unkind things. I’ve had people who say I need to be replaced.” — Arkansas State Sen. Kim Hendren, R-Gravette, commenting on the unlikelihood that …
Giant insurer Allstate Corp. doesn’t have much to fear from a Mississippi class-action lawsuit that seeks to have insurers in the state reopen closed Hurricane Katrina claims, according to the company’s chief executive. Rival State Farm Mutual Automobile Insurance Co.’s …
Allstate Corp., the second-biggest U.S. personal-lines insurer behind State Farm, said its fourth-quarter profit rose 17 percent as it continued to benefit from a benign year for hurricanes. The $1.21 billion (euro930 million) quarterly profit ran Allstate’s earnings for the …
Today’s competitive specialty program marketplace requires attention to detail, including efficiency, professionalism and ethics. One way to stand out above the rest is to become a best-in-class program writer. Thomas Wilson Jr. and Gregory Katz of Wilson Elser Moskowitz Edelman …
Allstate Insurance companies will seek higher rates, possibly average increases totaling 55 percent or more, for the “next several years” starting in 2007 and will increase the deductible on hurricane policies by 5 percent on homeowners qualified for wind and …
The Allstate Corporation announced a leadership transition, which will occur over the next 18 months. Edward M. Liddy, currently chairman and chief executive officer, plans to step down as CEO at the end of 2006. Thomas J. Wilson, currently president …
The Allstate Corporation announced a leadership transition, which will occur over the next 18 months. Edward M. Liddy, currently chairman and chief executive officer, plans to step down as CEO at the end of 2006. Thomas J. Wilson, currently president …
Northbrook, Ill.-based Allstate Corp., the second-largest U.S. personal-lines insurer behind State Farm, reported a $1.16 billion third-quarter profit Wednesday as it benefited from a quiet hurricane season. The company also raised guidance for its full-year earnings. The large gain contrasted …
Ernie Csiszar, the Romania-born former South Carolina regulator who two years ago was named president and chief executive officer of the then newly-formed Property Casualty Insurers Association of America, resigned from PCI effective Sept. 30. Csiszar indicated that he plans …
