Allstate News
Allstate Announces Executive Leadership Changes
Allstate announced that Glenn Shapiro, president, Property-Liability, has decided to retire effective Sept. 30. He joined Allstate as chief claims officer in 2016 and has held his current position ...
Allstate ‘Further Accelerating’ Rate Hikes Following Q2 Loss
Allstate Corp. said it is accelerating its plan to increase auto insurance rates as it reported unprofitable results for the second quarter. Allstate booked a net loss of $1.04 billion in the second ...
RLI, GEICO Rank Among Ward’s Top 50 For 32 Years
Property/casualty insurers started to broadcast the fact that they ranked on the list of Ward's 50 top-performing insurance companies for 2022 last week, but only two were named for 32 straight ...
Telematics Has Kept the Promise: Allstate’s Journey Continues
Telematics has been on personal insurers' radar for many years, and it has recently reached a tipping point. Nowadays, it is recognized as a necessary capability for the future success of any auto ...
Allstate Outlines ‘Surgical’ Auto Rate Hikes to Combat Inflation
Rate increases in Allstate's auto insurance business are in integral part of the insurer's overall plan to address the impact of inflation. Wednesday during a conference call with analysts to discuss ...
Allstate Q1 Net Income Returns to Black Despite Adverse Auto Results
First-quarter 2022 insurance premiums earned grew 6.5 percent to about $11 billion at Allstate Corp., as net income was $630 million compared with a loss of about $1.4 billion during the first three ...
Allstate Increasing Magnitude of Auto Rate Hikes in 2022
Allstate said unfavorable non-catastrophe prior-year reserve re-estimates were approximately $160 million for first-quarter 2022, primarily driven by auto physical damage and bodily injury severity. ...
Executives on the Move at Allstate, MEMIC, Deloitte
Don Civgin, vice chair and CEO, Protection Products and Services at Allstate, has announced his decision to retire, effective May 1. Civgin joined the company as chief financial officer in 2008, ...