Tom Wilson News
Auto Loss Costs Not Coming Down; Bigger Rate Hikes Ahead: Allstate CEO
Higher auto loss costs are here to stay, according to the leader of Allstate, who also said that his company will be pushing up auto insurance prices higher, and at a faster pace, for the balance of ...
Rate Hikes, Telematics, Data Science Leading Allstate Back to Profit
For the second time this month, a personal auto insurance giant devoted an investor conference to the topic of rate hikes, with Allstate executives also assuring listeners the carrier has various ...
Allstate Seeks More Active, Old-Fashioned Agents
Allstate Corp wants to buy more independent insurance agencies this year to build the business it acquired with its purchase of National General, Allstate Chief Executive Tom Wilson told Reuters on ...
Allstate CEO Wilson Warns AI Will Slam Economy With ‘Tsunami’-Like Force
Artificial intelligence is coming for the service economy, according to Allstate Corp. Chief Executive Officer Tom Wilson. "It's going to rip through this economy like a tsunami," Wilson said ...
Allstate’s Q4 Excelled With Underwriting, Investment Income and Tax Cut Gains
The Allstate Corp., like many carriers, faced an enormous hit from natural catastrophe losses in the 2017 fourth quarter. Investment returns soared by double digits, however, and the Trump tax cuts ...
Harvey ‘A Different Storm’ Allstate CEO Says; No Worries About Re Exhaustion
Structural damage from Hurricane Harvey appears lighter than other storms, the chief executive officer of Allstate reported at an investor conference this week, comparing his birds-eye view from a ...
Why Allstate Is Buying SquareTrade; CEO Wilson Reveals Deal Benefits
Why pay more than $1 billion for a business with revenues in the hundreds of millions of dollars today? Analysts questioned executives of Allstate yesterday about the $1.4 billion deal announced ...
Allstate CEO Sees Transport Advances Leading to Unrivaled Chance for Wealth Creation
Allstate Corp., the largest publicly traded U.S. home and auto insurer, said the country's transportation network is highly inefficient, with vehicles sitting idle for most of the day, and that the ...