Allstate News
Allstate Unveils Coverage for Homesharing Homeowners
In a move to serve customers who rent out their homes on a temporary basis, Allstate has filed plans to offer home-sharing protection in six states — Arizona, Colorado, Illinois, Michigan, ...
Texas Hailstorms Fueled Allstate’s $633M Pre-Tax April Catastrophe Losses
Allstate reported $633 million in estimated pre-tax catastrophe losses for April, more than half of which came from three days of severe hailstorms in Texas. After taxes, the number comes in at $411 ...
New Allstate App Helps Customers Obtain Auto Repair, Maintenance Services
Allstate has teamed up with Openbay, an online marketplace for non-collision auto-repair and maintenance services, to allow consumers to obtain multiple price quotes and schedule auto repairs for ...
New Allstate Ad Campaign Focuses on Innovation and Customer Relationships
Allstate unveiled a new advertising campaign designed to showcase the personal lines insurer as an innovator with deep customer relationships. Allstate said the "It's good to be IN good hands" ...
Expect Wide Global Adoption of Telematics-Based Auto Insurance: Study
Global use of usage-based auto insurance will explode in the next 7 years, a new industry analysis asserts. IHS Inc.'s IHS Automotive said that 142 million customers will sign up globally for the ...
Allstate’s Q1 Net Income Plunged, with Hailstorms to Blame
The 2016 first quarter (and two severe hailstorms) left its mark on the Allstate Corp., with net income during the period plunging more than 65 percent. Echoing trends from other property/casualty ...
ACE/Chubb Merger Makes it a Major U.S. P/C Player: Fitch
The massive $29.5 billion ACE/Chubb merger in 2015 vaulted the combined company to seventh place in the U.S. property/casualty insurance market. But the remaining top 10 rankings saw few other ...
Texas Hailstorms Poised to Bring Insured Losses Above 9-Year Average: A.M. Best
Springtime hailstorms in the Dallas-Fort Worth region of Texas are adding up to some significant insured losses that could exceed the 9-year average, according to the latest A.M. Best briefing. Two ...