Both Allstate Insurance and American Family announced programs to return a portion of paid insurance premiums back to customers given dramatic declines in driving and accidents in as a result of shelter-in-place orders from states around the country. As CollisionWeek reported on April 3, weekly fuel consumption declined substantially in the second half of March […]
Allstate Reports Fourth Quarter Revenue Up 21% Compared to 2018
The Allstate Corporation (NYSE:ALL) reported total revenue of $11.47 billion in the fourth quarter of 2019 up 21.0% compared to the prior year quarter. Property-Liability insurance premiums earned increased by 5.4%. Allstate brand auto insurance net written premium grew 3.8%, and policies in force increased 1.5% in the fourth quarter of 2019 compared to the […]
Allstate Announces Esurance Brand Will Be Retired in 2020 as Part of Growth Plan
The Allstate Corporation (NYSE: ALL) announced a new growth plan that leverages the Allstate brand, people and technology to accelerate growth in its personal property-liability business. Allstate, the fourth largest private passenger automobile insurer in the U.S. by premiums written in 2018, has seen its share of the auto market share decline in recent years. […]
Allstate Ranks Safest Driving Cities When Factoring Population Density
Insurer announces $150,000 in grants for safety improvements on 15 Risky Roads. Drivers in Boise, Idaho, are the country’s safest when taking into account population density, according to the newest set of rankings from the 2019 Allstate America’s Best Drivers Report. Understanding there are many factors that contribute to car crashes, including number of cars […]
Brownsville, Texas Named Safest Driving City for Second Year in a Row
Allstate’s 15th annual America’s Best Drivers Report ranks U.S. cities based upon collision frequency. Brownsville, Texas, has the safest drivers in America for the second year in a row, according to the 2019 Allstate America’s Best Drivers Report. Released in advance of July Fourth, the deadliest day on U.S. roads according to the Insurance Institute […]
Boyd Group Using Arity Virtual Assist Technology
Allstate announced that the Boyd Group is using Virtual Assist technology developed by its Arity subsidiary. The Boyd Group will use the communications technology at its Gerber Collision & Glass locations in the U.S. as well as its Boyd Autobody & Glass shops across western Canada and its Assured Automotive shops in eastern Canada. The […]
Total Loss Valuation Class Action Lawsuit Filed Against Allstate and CCC in Alabama
Suit alleges auto insurer undervalues total loss claims using CCC’s software. In a Federal Class Action lawsuit filed in Alabama on Wednesday, plaintiffs allege that Allstate Insurance systemically undervalues automobile total loss claims using CCC ONE Market Valuation Reports. The complaint alleges that Allstate and CCC have engaged in a scheme to artificially deflate the […]
Allstate Reports Revenue Up 12.5% in First Quarter
The Allstate Corporation (NYSE: ALL) reported revenue of $10.99 billion for the first quarter of 2019, up 12.5 percent from $9.77 billion in the first quarter of 2018. Net income was $1.261 billion, up 29.1 percent from 2018. Adjusted net income was $776 million, due to a better than expected property and liability insurance underlying […]
Allstate Reports Auto Policies in Force Up in Fourth Quarter
Allstate brand auto net written premiums up 5.7 percent in 2018. Sees increase in total losses on newer vehicles due to increased part cost, technology and repair complexity. The Allstate Corporation (NYSE: ALL) reported financial results for the fourth quarter and full year of 2018. “Allstate continues to deliver strong operating results while building the […]
Allstate Donates $100,000 to Collision Repair Education Foundation
Allstate Insurance Company has contributed $100,000 to the Collision Repair Education Foundation. Industry donations such as Allstate’s assist the Foundation in its ability to support high school and college collision school programs, instructors, and students nationwide. “Collision repair education is exceptionally important in preparing the next generation of technicians,” says Allstate’s Claims Vice President Dave […]