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 […]
Brownsville, Texas Regains Top Spot as Safest Driving City in America
The 14th annual Allstate America’s Best Drivers Report, released yesterday, named Brownsville, Texas, the city with America’s safest drivers. Based on Allstate claims data, the report aims to shine a spotlight on safe driving leading up to the busy Labor Day travel weekend – a particularly deadly time of year on the road, according to […]
Allstate Grew Auto Insurance Premiums and Policies in Force During Second Quarter
Allstate, the fourth-largest auto insurer in the U.S., announced it achieved total revenue of $10.1 billion in the second quarter of 2018 up 2.9 percent compared to the prior year quarter. Property and casualty insurance premiums earned increased 5.5 percent. “Allstate’s businesses continue to deliver excellent results, growth is accelerating and we are on pace […]
Allstate Reports Revenue Up 6.1% in Fourth Quarter, Tax Cuts Save $506 Million
Allstate brand auto net written premiums up 4.2 percent on growth in average premium. Accident frequency declined in the quarter. The Allstate Corporation (NYSE: ALL) reported financial results for the fourth quarter of 2017. In the fourth quarter, the company reported revenue of $9.843 billion, up 6.1 percent from $9.278 billion in the fourth quarter […]
Allstate Announces Senior Leadership Changes
Allstate announced three senior leadership promotions in preparation for the retirement of Matt Winter, President of The Allstate Corporation. The promotions include Steve Shebik to Vice Chairman of The Allstate Corporation, Glenn Shapiro to President of Allstate Personal Lines and Mario Rizzo to Chief Financial Officer. “These leadership changes demonstrate Allstate’s effectiveness in developing talent,” […]
Allstate Best Driver Report Examines Safe Driving Cities Factoring in Precipitation
According to research more than one-third of U.S. motorists are “stressed” about winter driving Allstate released a new survey yesterday revealing that more than a third, 35 percent, of U.S. drivers say wet winter driving stresses them out, and almost half, 48 percent, are concerned by the prospect — all while the National Oceanic and […]
Allstate Reports Improved Earnings in Second Quarter
Allstate brand auto insurance net written premiums up 3.3 percent. Average auto premiums up 5.4 percent. Claims technology improving efficiency. The Allstate Corporation (NYSE: ALL) reported its consolidated revenue for the second quarter of 2017 increased 4.6 percent to $9.587 billion compared to $9.164 billion in the same quarter of 2016. For the six month […]