Allstate News
Allstate Reduces Private Equity and Real Estate Stakes
Allstate Corp., the largest publicly traded U.S. auto and home insurer, sold about $300 million of private equity and real estate investments in the second quarter as values surged. "We thought the ...
Allstate Makes Two Changes on its Board
Allstate Corp. has made two noteworthy changes to its board of directors. The company, which is the largest publicly-held U.S. home and auto insurer, named 71-year-old F. Duane Ackerman as its lead ...
Allstate Execs Insist Esurance Is Making Progress
Three years ago, Allstate snatched up direct-to-consumer insurer Esurance, and made it a wholly owned subsidiary, in a bid to reach younger customers through its vast online self-directed consumer ...
Allstate’s Quarterly Profit Grows With Higher Insurance Premiums
Allstate Corp, the largest listed U.S. home and auto insurer, reported a better-than-expected quarterly profit as it earned higher insurance premiums across its businesses. Premiums earned at the ...
S&P Announces Ratings for Cat Bonds: Kilimanjaro Re Ltd. and Sanders Re. Ltd.
On Thursday, Standard & Poor's Ratings Services announced ratings for catastrophe bonds sponsored by Everest Re and Allstate. Kilimajaro With respect to the Everest Re bonds, S&P assigned ...
Allstate to Sell Sterling Collision Centers
Allstate announced on Monday that it has entered into an agreement to sell Sterling Collision Centers Inc. to Service King Collision Repair Centers. The transaction, expected to close by the end of ...
GEICO’s Advertising Spending Slows But Still Tops $1B: SNL
GEICO, with its Gecko and Maxwell the pig mascots, has been the leader in advertising spending among U.S. property/casualty insurers for at least five years through 2013, according to SNL. GEICO is ...
Mehta Joins Allstate Board
The Allstate Corporation announced that Siddharth N. (Bobby) Mehta, 56, former chief executive officer of TransUnion LLC, has been elected to its board of directors, effective immediately. In a ...