Reports auto claim frequency declined on mild weather, more than offsetting higher claim costs. The Allstate Corporation (NYSE: ALL) reported total revenues of $15.3 billion in the first quarter of 2024, up 10.7%, or $1.5 billion, compared to the prior year quarter driven by higher average premiums that resulted in a $1.3 billion increase in […]
Allstate Reports Customers Using Safe Driving App Have 25% Fewer Severe Collisions
Allstate customers have a choice to opt into the Allstate app’s safe driving features and those who do are safer on the road, according to Allstate and its mobility data and analytics partner Arity. Allstate found customers who choose to use Drivewise are 25% less likely to have a severe collision than those who don’t. […]
Mike Fiato Named EVP and Chief Claims Officer at Allstate
Fiato will oversee the strategic and operational direction of the Claims organization at the fourth largest auto insurer in the U.S. Allstate announced yesterday that Mike Fiato will join the company as executive vice president and chief claims officer, effective January 22. Fiato will oversee the strategic and operational direction of the Claims organization, which […]
State Farm Premiums Written Up Nearly 24% in Second Quarter
S&P Global says the company remains largest auto insurer in the U.S. State Farm Mutual Automobile Insurance Co. remained the largest personal auto insurer in the US during the second quarter amid a record quarter for the sector, according to an S&P Global Market Intelligence analysis. The insurer’s direct premiums written surged nearly 24% — […]
Allstate Announces Auto Rate Increases of Over 11% in 12 Markets
National General brand auto rates also increasing. Announces $1 billion in catastrophe losses for June. The Allstate Corporation (NYSE: ALL) yesterday announced that during the month of June, the Allstate brand implemented auto rate increases of 11.6% across 12 locations, resulting in total brand premium impact of 2.6%. In addition, Allstate reported National General brand […]
Allstate’s Bryce Boyer Joins CIECA Board of Trustees
The Collision Industry Electronic Commerce Association (CIECA) announced that Bryce Boyer, business partner lead consultant for Allstate Insurance Company, joined CIECA’s Board of Trustees. As part of an auto team that focuses on virtual estimating, one of Boyer’s major focal points is navigating how artificial intelligence (AI) and automation are transforming how Allstate and the […]
Allstate Announces April Implemented Auto Rate Increases of 9.3% Across 15 Locations
Rate increases since the beginning of the year expected to raise written premiums by $1.28 billion. The Allstate Corporation (NYSE: ALL) announced that during the month of May, the Allstate brand implemented auto rate increases were of 9.3% across 15 locations, resulting in total brand premium impact of 1.6%. “Allstate continued to implement significant auto […]
Allstate Reports Replacements of Catalytic Converters up Nearly 1,200% Since 2019
The latest numbers from Allstate show that catalytic converter replacements among its customers grew 1,155% nationally between 2019 and 2022. And Allstate is not alone in this epidemic. According to the National Insurance Crime Bureau, an insurance industry trade organization, catalytic converter thefts nationwide increased 1,215% between 2019 and 2022. In several states, Allstate saw […]
Allstate Announces April Implemented Auto Rate Increases of 8.6% in 13 Locations
Rate increases since the beginning of the year expected to raise written premiums by $862 million. The Allstate Corporation (NYSE: ALL) announced that during the month of April, the Allstate brand implemented auto rate increases were 8.6% across 13 locations, resulting in total brand premium impact of 1.6%. “Allstate continued to implement significant auto insurance […]
Allstate Reports Loss in First Quarter
Auto insurance written premiums increased over 10%. The Allstate Corporation (NYSE: ALL) total revenue of $13.8 billion in the first quarter of 2023 increased 11.8% compared to the prior year quarter driven by a 10.8% increase in Property-Liability earned premium and net gains on investments and derivatives in the first quarter of 2023 compared to […]