Allstate News
Allstate Names Mabe B2B President
On Monday, the Allstate Corporation announced that Katherine Mabe, president, West Territory of Allstate Personal Lines, was promoted to president, Business to Business (B2B). In her new position, ...
Allstate Says Drivewise Hits One Billion Miles Driven
Allstate reports that its Drivewise customers will register more than one billion miles driven this month. In a statement Friday, Allstate also said that Drivewise is launching in Kentucky and ...
Allstate CEO Dismisses GEICO Threat in Race for Auto Insurance Market Share
Allstate Corp. Chief Executive Officer Tom Wilson, whose company lost car-insurance market share in the last three years, said competitor GEICO could struggle to expand sales as it seeks to sell more ...
Allstate’s Mortgage Securities Suit Against Goldman Sachs Discontinued
Allstate Corp.'s 2011 lawsuit against Goldman Sachs Group Inc. over the alleged fraudulent sale of residential mortgage-backed securities has been discontinued, court records show. The insurer sued ...
Allstate Reports Disaster Costs Down, Investments Up for Q2
Allstate Corp., the largest publicly traded U.S. auto and home insurer, said second quarter profit climbed on investment gains and reduced costs tied to natural disasters. Net income climbed 2.6 ...
Allstate Selling Lincoln Benefit Life to London Group for $600M
Clive Cowdery, who earned a fortune cutting deals that consolidated the U.K. life insurance industry, is making a foray into the U.S. by buying a business from Allstate Corp. for $600 million (394 ...Allstate Settles Mortgage-Backed Securities Suit Against Citigroup
Allstate Corp. and Citigroup Inc. agreed to settle a lawsuit filed by the insurer in New York state court accusing the bank of fraudulently selling hundreds of millions of dollars of mortgage-backed ...
Esurance, Walmart Team Up for Auto Insurance Discount Program
Esurance is launching a pilot program offering auto insurance discounts to customers at select Walmart stores in Illinois. Through the pilot program, drivers may obtain a savings card from Esurance ...