Allstate News
State Farm Will Start Hiking Auto Rates, Allstate CEO Predicts
Allstate's chief executive officer said his company will likely continue pushing for auto insurance rate hikes next year, and he expects the carrier's largest mutual competitor—State Farm—to move ...
Executives on the Move at The Hanover, Allstate, Sompo International, CAC Specialty
The Hanover Insurance Group has appointed Eric M. Schuler as president of management and executive liability, effective immediately. In this role, he will assume ...
Unlocking the Value of Intelligent Automation for Actuarial Ratemaking
Back in the day doesn't mean what it used to. In most cases, that phrase refers to a time many years ago. But with the world changing as quickly as it is, back in the day ...
Allstate in Talks to Return Headquarters to Chicago From Suburbs
Allstate Corp. is in talks about moving its headquarters to Chicago after selling the majority of its suburban campus earlier this year, potentially returning to a city ...
Allstate Q3 Net Income in the Red; Continues Efforts to ‘Restore Property-Liability Margins’
Allstate Corp. said it recorded a third-quarter net loss applicable to common shareholders of $694 million compared to net income of $508 million a year ago during the ...
Fitch Moves Outlook on Allstate’s A+ Ratings to Negative
Highlighting a sharp drop in underwriting results, declines in statutory capital and outsized additions to prior-period loss reserves, Fitch Ratings moved the rating outlook on "A+" financial ...
Allstate Sees Q3 Net Loss; Auto Reserve Boosts More Damaging Than Ian
Allstate expects to report a bottom-line third quarter net loss in the range of $675-$725 million and a combined ratio of 111.6, including 7.8 points from reestimates of prior year auto loss ...
Executives on the Move at Allstate, USAA, AGCS, Gallagher Re
Allstate has hired the chief technology officer of CVS Health, Zulfi Jeevanjee, into the newly created role of executive vice president and chief information officer. He will be responsible for all ...