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Mario Rizzo Named to Succeed Retiring Glenn Shapiro as President of Property-Liability at Allstate

August 19, 2022 By CollisionWeek Editor

Jess Merten succeeds Rizzo as Chief Financial Officer. Allstate, the fourth largest private passenger auto insurer in the U.S., announced that Glenn Shapiro, who has led the Property-Liability businesses since 2018, has decided to retire, having led the initiation of Transformative Growth and rapidly adapted to the impacts of inflation on auto insurance margins. Mario […]

Filed Under: News Tagged With: Allstate, People

Allstate-Brand Auto Rates Raised 8.9% Across Six Markets

August 18, 2022 By CollisionWeek Editor

Georgia Insurance Commissioner warns of 25% Allstate rate increase coming in September. The Allstate Corporation (NYSE: ALL) provided an update on catastrophe losses and its ongoing program to raise auto insurance rates to address rising costs during July. “Allstate will continue to implement significant rate actions in the second half of 2022 in response to […]

Filed Under: News Tagged With: Allstate, Georgia, Insurance Commissioner, legislation, Premiums

Allstate Announces Revenue of $12.2 Billion in Second Quarter

August 5, 2022 By CollisionWeek Editor

Cites increasing parts prices, cycle time, and technician shortage driving higher repair costs. “Doubles down” on its relationships with parts suppliers and direct repair program to help control costs. The Allstate Corporation (NYSE: ALL) reported total revenues of $12.2 billion in the second quarter of 2022 decreased 3.4% compared to the prior year quarter as […]

Filed Under: News Tagged With: Allstate, Earnings

Allstate Reports Auto Physical Damage Loss Cost Increases Widespread Across U.S.

July 22, 2022 By CollisionWeek Editor

Implements Allstate brand auto insurance rate increases of approximately 8.3% since fourth quarter of 2021. The Allstate Corporation (NYSE: ALL) estimated catastrophe losses for the month of June totaled $356 million or $281 million, after-tax. June catastrophe losses included 10 events, primarily wind and hail in the Midwest, estimated at $315 million, plus unfavorable reserve […]

Filed Under: News Tagged With: Allstate, Combined Ratio, Premiums

Allstate Says Collision Data Points to Increasingly Dangerous Roads this Summer

May 26, 2022 By CollisionWeek Editor

Collision rates could be more than 7% higher in the summer post-pandemic. An analysis by Allstate of proprietary collision data for the five years between 2017 and 2021 reveals that the U.S. is likely to see riskier roadways this summer. Over the past two years, numerous roadway safety organizations, including the National Highway Traffic Safety […]

Filed Under: News Tagged With: Accident Frequency, Allstate

Allstate and Enterprise Support Schools Through Collision Repair Education Foundation

February 14, 2022 By CollisionWeek Editor

Collision repair schools in Illinois, Massachusetts and South Carolina benefit from industry support. The Collision Repair Education Foundation (CREF) announced that six schools will receive Collision School Career Readiness Benchmark Grants. Allstate is providing a $10,000 grant to Thornton Fractional High School Center for Academics and Technology, located in Calumet City, Ill., to improve its […]

Filed Under: News Tagged With: Allstate, Career and Technical Education, Collision Repair Education Foundation, Enterprise Rent-A-Car, Grants, Illinois, Massachusetts, South Carolina

Allstate to Sell Life Insurance Business for $2.8 Billion to Focus on Personal Property Insurance and Protection Business Growth

January 27, 2021 By CollisionWeek Editor

The Allstate Corporation (NYSE: ALL) has agreed to sell Allstate Life Insurance Company (ALIC) to entities managed by Blackstone for $2.8 billion. ALIC holds approximately 80% (or $23 billion) of Allstate’s life and annuity reserves and generated net income of $467 million in 2019 and a net loss of $23 million in the first nine […]

Filed Under: News Tagged With: Acquisitions, Allstate, Blackstone Group

Allstate’s Clint Marlow Elected Chairman of National Auto Body Council Board of Directors

November 9, 2020 By CollisionWeek Editor

At the 2020 National Auto Body Council (NABC) Annual Meeting last week, the non-profit organization held its board elections for the upcoming year.  In addition to re-electing three board members whose terms were expiring, it also welcomed four new members to its Board. Active members in attendance at the virtual NABC annual meeting had an […]

Filed Under: News Tagged With: Allstate, Board of Directors, National Auto Body Council, People

Collision Repair Education Foundation Thanks Insurance Industry for Support of Critical Resources to Schools Impacted by COVID-19

September 15, 2020 By CollisionWeek Editor

The Collision Repair Education Foundation (CREF) publicly thanked the insurance industry for rallying behind it during a time when raising funds is extremely difficult. Six extremely generous insurance organizations have stepped in to offer their support, donating funds that can help CREF make good on its mission of connecting the next generation of collision repairers […]

Filed Under: News Tagged With: Allstate, Career and Technical Education, Collision Repair Education Foundation, Donations, Erie Insurance, Farmers Insurance, GEICO, Liberty Mutual Insurance, Nationwide Insurance, State Farm, USAA

Allstate Launches Transportation Analytics Tech Startup

November 11, 2016 By CollisionWeek Editor

Arity logo

Arity, a non-insurance technology company founded by Allstate, will initially focus on using driving data to improve risk assessment for insurers. Allstate announced it will leverage its experience usage-based insurance, connected cars and telematics by launching Arity, a technology startup. Built on Allstate’s 20 billion miles of driving data and more than a million active […]

Filed Under: News Tagged With: Allstate, Telematics

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