Allstate News
Allstate Sees Energy Bond Losses Deepen As Oil Prices Plunge
Allstate Corp., the largest publicly traded U.S. seller of auto and home insurance, said gross unrealized losses widened on energy bonds in the fourth quarter as crude prices plunged. Losses climbed ...
Good Weather Helped Allstate’s Profit Beat Estimates; Massive Buyback Planned
Allstate Corp., the largest U.S. publicly traded seller of auto and home insurance, said it would repurchase as much as $3 billion of its stock as fourth-quarter profit exceeded analysts' estimates. ...
Allstate Rolls Out Super-Fast, Same-day Claims Payment System
Allstate is launching a new electronic system capable of making same-day claims payments to a customer's bank account – a process enabled by an email address or cell phone. Allstate dubbed the new ...
Watch Out Allstate: Progressive Adds Home Coverage With $875M ARX Buy
Progressive Corp., the fourth-largest U.S. auto insurer, is expanding in home coverage to challenge rivals including Allstate Corp. that are better known for bundling different types of policies. ...
Allstate to Assist in Drone Development for Catastrophe Claim Work
Allstate Corp., the largest publicly traded U.S. home and auto insurer, said it will help research and develop uses for unmanned aerial vehicles to review damages after disasters. Allstate joined a ...
Small Majority of Americans See Work/Life Balance as Attainable: Poll
A majority of the American public believes that most people can find a way to balance the demands of work, family and contributions to community, according to the 21st Allstate/National Journal ...
Counterpoint: Spending on Ads Never Beats Spending on Insurance Agents
A recent research report published by Cliff Gallant and Matthew Rohrmann of Nomura Equity Research concludes that spending on advertising beats spending on insurance agents. Once again Wall Street ...
Allstate Beefs Up Investment Management Roster
Allstate Corp. is bringing on some new executives focused on the investment side of its operations. The largest publicly traded personal lines insurer in the United States said it hired Russell ...