Allstate News
Expense Ratio Analysis: AI, Remote Work Drive Better P/C Insurer Results
In separate reports last week, AM Best and Morgan Stanley analyzed P/C insurance industry expense ratios, with one reporting a 2.4-point drop over the past decade and the other projecting another ...
State Farm, USAA and Allstate Leading on AI Patents
Three property/casualty insurers have dominated the industry's artificial intelligence patent activity since 2014. State Farm, USAA and Allstate account for 77 percent of all AI patents by insurers ...
The Latest Launches from Allstate, WTW, Whisker Labs
Allstate launched Allstate Scam Protection to help safeguard workers' finances and fight cyber crime. The product includes a reimbursement of up to $50,000 when money, including cryptocurrency, is ...
Allstate Analysis Highlights Riskiest Drive Times During Thanksgiving Holiday
New analysis shows that phone use, speeding, and hard braking jump 10 percent or more over the Thanksgiving holiday, according to Allstate. Based on trips from nearly two million customers, analysis ...
Making Auto Insurance Affordable: Industry Executives Celebrate Florida Reforms
During earnings conference calls this week—one on Election Day, and the other two days later—leaders of two large personal lines insurers commented on affordability issues, highlighting the ...
The Year So Far: Liberty Improves Most Among Nationals; Discipline Tested
A Carrier Management summary of earnings metrics for the year so far reveals a second-quarter average combined ratio of roughly 88, and a year-to-date ratio of just under 92 for a cohort of 27 ...
Why Progressive’s Customer Scores Lag State Farm, GEICO: J.D. Power
When it comes to personal auto insurance, Progressive has been outpacing GEICO and State Farm in terms of growth and posting better loss ratios for years. But customer satisfaction scores are another ...
What Consumers Think—and Who’s Shopping for Insurance
Tariffs. Economic volatility. Technology trends. Changing insurance market conditions. These are all having an impact on property/casualty insurers. But how are they impacting consumers? More ...