Allstate News
Allstate Reverses Q4 Loss With Benefit of Low Cat Losses, Auto Rate Increases
Allstate Corp. fourth-quarter 2023 net income attributable to common shareholders was about $1.5 billion, reversing a loss of $303 million during the same time the prior year. Allstate CEO Tom Wilson ...
Allstate Q4 2023 Reserve Charge Near $200M
Allstate offered some preliminary details of factors that impacted fourth-quarter 2023 earnings yesterday—among them a $199 million non-catastrophe reserve charge. The carrier said the figure ...
New Chief Claims Officer at Allstate
Allstate has announced that Mike Fiato will join the carrier, assuming the titles of executive vice president and chief claims officer, effective Jan. 22, 2024. Fiato, an industry veteran with more ...
Mission Accomplished: Allstate Announces Calif., NY, NJ Rate Approvals
The departments of insurance in California, New York and New Jersey approved double-digit auto rate increases for Allstate in three states that the carrier considered exiting in the absence of ...
Claims or No Claims
"A Moment of Incredible Opportunities"
That title on top of a series of slides presented by a featured speaker at a recent Casualty ...
Allstate’s Telematics Strategy: Responding to Evolving Customer Needs
When consumers decide what to buy, they want companies to treat them as individuals: "Do you know my unique needs?" and "Will you be there for me when I need you?"
Allstate Corp. said its net loss for the third quarter was $41 million compared to a loss of $685 million during the same time a year ago.
Allstate Redesigns Mobile App
Allstate announced updates to its mobile app, adding more features such as an affordable gas finder called GasBuddy, a parking reservation platform called SpotHero, a climate risk resource to guide ...
Allstate Shows ‘Progress,’ Narrows Q3 Net Income Loss to $41M
Allstate Records About $640M in August Cat Losses, Half From Maui Wildfire
Allstate reported about $641 million in August catastrophe losses from 18 events, with about half coming from the Maui wildfire. The losses for the month of August were $551 million or $435 million, ...