Insurance News

Posts Tagged ‘Allstate

Differences between the sexes are becoming less noticeable when it comes to teenage driving.

In what seems like a role reversal, girls are expressing a new need for speed, while aggressive driving and speeding by boys is down.

According to Allstate Foundation’s “Shifting Teen Attitudes: The State of Teen Driving 2009,” 27 percent of girls admit to speeding at least 10 miles over the speed limit, vs. 19 percent of boys.

Also, Read the rest of this entry »

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Allstate is denying a charge by an agent group that it has a goal of eliminating more than 3,000 agents in three-to-five years.

Jim Fish, executive director for the National Association of Professional Allstate Agents (NAPAA), said an internal company memo laying out the company?s strategy to grow its business in the future calls for the elimination of up to 3,300 agents whose business has not grown to between $3 million and $4 million Read the rest of this entry »

NORTHBROOK, Ill., Aug. 16 /PRNewswire-FirstCall/ — Allstate announced today that it entered into a settlement of a nationwide class action lawsuit, Strasen v. Allstate, which has been pending in the Circuit Court of Madison County, Illinois for almost 10 years. This settlement includes all Allstate and Encompass entities. The Court preliminarily approved the settlement on July 16, 2009.

Plaintiffs alleged that Allstate utilized a computerized Read the rest of this entry »

Allstate Insurance Co., the nation’s second largest auto insurer, announced plans today to re-enter the Massachusetts auto insurance market starting this fall.

If approved by regulators, Allstate would be the latest in a string of major insurers to enter the Massachusetts market since the state started allowing companies to start setting their own rates starting last year.

Geico, the country’s third largest auto insurer, just started Read the rest of this entry »

The U.S. insurance industry should be subject to federal regulation, the chief executive of Allstate Corp (ALL.N: Quote, Profile, Research, Stock Buzz), the nation’s largest publicly traded home and auto insurer, said on Wednesday.

Tom Wilson told the U.S. Chamber of Commerce that the insurance industry, which is currently regulated by the states, should be put in a similar pool of regulation as other large financial firms.

“Every Read the rest of this entry »

The U.S. insurance industry should be subject to federal regulation, the chief executive of Allstate Corp (ALL.N: Quote, Profile, Research, Stock Buzz), the nation’s largest publicly traded home and auto insurer, said on Wednesday.

Tom Wilson told the U.S. Chamber of Commerce that the insurance industry, which is currently regulated by the states, should be put in a similar pool of regulation as other large financial firms.

“Every Read the rest of this entry »

The U.S. insurance industry should be subject to federal regulation, the chief executive of Allstate Corp (ALL.N: Quote, Profile, Research, Stock Buzz), the nation’s largest publicly traded home and auto insurer, said on Wednesday.

Tom Wilson told the U.S. Chamber of Commerce that the insurance industry, which is currently regulated by the states, should be put in a similar pool of regulation as other large financial firms.

“Every Read the rest of this entry »