Allstate News
About Those Rates: Why Allstate’s Rating Program May Not Be What It Seems
Actuaries occupy a quiet, arcane world, their debates obscure: Loss development factors: weighted vs. straight? Premium impact: parallelogram vs. extension of exposures? Reserve methods: chain ladder ...
Allstate’s August Pretax Catastrophe Loss Tally: $154M
Allstate said its estimated pretax losses in August came in at $154 million, a sizable decline from the previous month. The Illinois-based property/casualty insurance giant said those losses ...
Allstate CEO Sees Transport Advances Leading to Unrivaled Chance for Wealth Creation
Allstate Corp., the largest publicly traded U.S. home and auto insurer, said the country's transportation network is highly inefficient, with vehicles sitting idle for most of the day, and that the ...
‘Manageable’ Losses Predicted From Hurricane Hermine
Hurricane Hermine, which is poised to land in Florida Friday, may result in "manageable" losses for the insurance industry, according to Keefe Bruyette & Woods analyst Meyer Shields. The storm is ...
Did Your Hometown Make Allstate’s List of Safest-Driving Cities?
Americans are driving more miles and having more accidents, making safety a growing concern. With that in mind, Allstate ranked the safest-driving large cities in the U.S., with Brownsville, Texas, ...
Allstate Reports $253M in Pretax Catastrophe Losses for July
Allstate's estimated pretax catastrophe losses for July hover around the $253 million mark, the latest high number in monthly warnings issued by the property/casualty insurer. Allstate explained in ...
Allstate Creates Standalone Telematics Unit
Allstate Corp. Chief Executive Officer Tom Wilson created a stand-alone unit for a telematics business that he expects to grow rapidly by collecting data on drivers and selling analytics products to ...
Allstate Chief Looking for Dealmaker to Oversee $79B Investment Portfolio
Allstate Corp. Chief Executive Officer Tom Wilson is looking for more than a bond buyer as he seeks an investment manager to run the insurer's $79 billion portfolio. "We need somebody who knows ...