For the first time ever, Brownsville, Texas, is the safest-driving city on Allstate’s 12th annual America’s Best Drivers Report. The insurer hopes the report serves as an important safe-driving reminder as motorists prepare to hit the roads for the July Fourth holiday – which the Insurance Institute for Highway Safety (IIHS) found is the deadliest […]
Allstate First Quarter Income Down Due to Catastrophe Losses
The Allstate Corporation (NYSE:ALL) yesterday reported financial results for the first quarter of 2016. The company reported that total revenue of $8.9 billion in the first quarter of 2016 declined compared to the prior year quarter, as increased insurance premiums were more than offset by lower net investment income and realized capital losses, which are […]
Regional Golf Fundraiser Paves Way for National Auto Body Council Programs
A full field of golfers representing all facets of the collision industry, with Enterprise Rent-A-Car as Presenting Sponsor and 33 additional sponsors, joined forces in Dallas, Texas for a successful day for the National Auto Body Council (NABC), the entire collision repair industry and most importantly three deserving North Texas families in need of transportation. […]
Largest Auto Insurers Added Market Share in 2015
The largest private passenger auto insurers in the U.S. gained market share in 2015. Growth continues long term trend. Since 2000, the largest private passenger automobile insurers have been growing their combined market share and more than half of all private passenger auto insurance in the United States is handled by just five companies. The […]
Allstate Creating Innovation Hub in Chicago
New space will help attract data and innovation specialists to drive advancements in research, analytics and telematics. Allstate announced plans to establish an innovation hub at the Merchandise Mart in downtown Chicago. The 45,000-square-foot office will bring nearly four hundred jobs to Chicago, primarily in the company’s Quantitative Research & Analytics (QR&A) and Connected Car […]
Allstate Reports Growth in Auto Premiums Written in 2015
While premiums are growing, so are auto accidents. The Allstate Corporation (ALL) yesterday reported financial results for the fourth quarter and full year 2015. Auto insurance net premiums written for all three brands, Allstate, Esurance and Encompass, grew 5.1 percent to $20.7 billion in 2015 versus $19.7 billion in 2014. Allstate brand auto, the largest […]
Allstate Names Cities With Lowest Collision Frequency Factoring in Precipitation
As Americans get ready to embark on holiday road trips to visit friends and family, scientists are warning that one of the strongest El Niños on record could bring unusually wet conditions to roads in much of the country. And while this added precipitation might result in mayhem in some places, the 2015 Allstate America’s […]
Allstate Loses Court Appeal to Strike State Insurer-Owned Shop Ban
Judges affirm earlier decision that Texas law banning insurer-owned shops should stand. The U.S. Court of Appeals, 5th Circuit, New Orleans, has affirmed an earlier court’s decision that ruled it is legal for a state to ban insurance company ownership of collision repair facilities. In the initial 2006 decision, a U.S. District Court in Dallas […]