Allstate News
Allstate to Buy Insurer SafeAuto to Merge Into National General
Allstate has agreed to acquire Ohio-based SafeAuto, which offers car insurance that meets the minimum legal requirements in 28 states. The acquisition will be through Allstate subsidiary National ...
Arity Telematics Tool Pitched as Helping Insurers Better Leverage Driving Behavior
Arity, an Allstate-founded mobility data and analytics startup, has launched a telematics tool designed to help insurers more efficiently leverage driving behavior for better pricing. The product – ...
Allstate Books $1.4B Q1 Loss Over Life and Annuity Divestitures
Allstate lost more than a billion dollars during the first quarter, stemming from the sale of its life insurance and annuity business. But the company substantially boosted revenues based on ...
Allstate, Arch, AXIS and The Hanover Report Q1 Pretax Catastrophe Loss Estimates
Carriers are starting to report their pretax catastrophe loss estimates for the 2021 first quarter, and the numbers are significant. Below are preliminary numbers from Allstate, Arch, AXIS, and The ...
COVID Shutdowns Drive Demand Surge for Allstate’s Pay-Per-Mile Insurance
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 pandemic, Allstate Corp. has seen interest surge in its Milewise ...
Allstate Completes Exit From Life and Annuity Business With Sale to New York Life
The Allstate Corp. said it has agreed to sell its New York life insurance and annuity operation to Wilton Re for $220 million. The selling of Allstate Life Insurance Company of New York (ALNY), along ...
Personal Auto Insurance Profits Unsustainable, Fitch Says
Highly profitable sub-90 personal auto combined ratios recorded by 10 publicly traded property/casualty insurers in 2020 don't look anything like the 106 recorded in 2016. But they're headed in that ...
Allstate’s Net Income Grew 52 Percent Higher; Auto Underwriting Improved
Insurer Allstate reported improved auto underwriting results and strong investment returns for the 2020 fourth quarter. Net income was up 52 percent to $2.6 billion for the quarter compared to net ...