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ALLSTATE

The Wire

Allstate swings to profit, catastrophe losses dip

A milder hurricane season this year helped Allstate Corp. turn a third-quarter profit as its losses for storms and other catastrophes dropped sharply. Complete Story...

Allstate unit president to retire at year's end

Insurer The Allstate Corp. said Monday the president of its Allstate Protection unit, George E. Ruebenson, will retire effective Dec. 31.

Allstate names chief marketing officer

Allstate Corp. on Monday named a former General Motors Corp. executive to its chief marketing officer position.

Allstate settles age bias case with EEOC

Allstate Insurance Co. will pay $4.5 million to about 90 employees to settle an age discrimination lawsuit. The settlement was announced Friday by the Equal Employment Opportunity Commission office in St. Louis.

Allstate settles suit after 10 years

Allstate Corp. said Monday that it has settled a class-action lawsuit over the calculations of medical expenses, nearly 10 years after the suit was filed.

Allstate has 2Q profit despite catastrophe losses

Surging catastrophe losses weighed heavily on Allstate Corp.'s earnings Wednesday, but the insurer still turned a profit in the second quarter.

Allstate turns down government bailout

Allstate Corp. became the second insurer Tuesday to turn down a bailout from the Treasury Department after being approved for government funding .

Allstate posts 1Q loss as investments fall

Allstate Corp. on Thursday posted a big loss for the first quarter, reversing a year-ago profit, citing falling investment income and a lower number of insurance policies in force.

Allstate posts 1Q loss as investments fall

Allstate Corp. is reporting a big loss for the first quarter, reversing a year-ago profit, due to falling investment income and a lower number of insurance policies in force.

NY wants Allstate info on credit default-swaps

The New York state Insurance Department said Friday that it wants information from Allstate Corp. on its participation in unregulated insurance markets.

Allstate reports $923M loss for 3Q

Property, casualty and auto insurer Allstate Corp. on Wednesday posted an unexpected loss in the third quarter, hit by hefty hurricane-related losses and the ongoing global financial crisis.

Allstate testing whether games can improve driving

Could playing computer games enhance mental agility enough to turn people over 50 into better drivers? Allstate Corp. wants to find out, and if the answer is yes, it might offer insurance discounts to people who play the games.

Fla. court declines jurisdiction in Allstate suit

The Florida Supreme Court declined Wednesday to grant Allstate Corp. an injunction to force Florida insurance regulators to let the company write new car insurance and other policies in the state.

The Vine
Pinning the blame for 9/11
Source: The Philadelphia Inquirer

"A Phila. law firm wages an epic legal battle to win billions from Saudi Arabia.

Chicago Doesn't Want to Lose Grant Park to a Museum No-one Wants
Source: Chicago Tribune

Dear Mayor Daley, Please don't carve up our beloved Grant Park so that the Allstate people can paste their name on a kids' museum.

Alleged Multi-Million Dollar Fraud Ring Target of Federal Lawsuit
Source:

Allstate is one of many insurance companies that continuously fight insurance fraud throughout the nation. Most insurance companies have implemented Special Investigative Units (SIU) to investigate potential fraud.

Alleged leader of Santa Clara County auto insurance fraud ring arrested - San Jose Mercury News
Source:

Auto fraud is multi-billion dollar industry. Auto fraud causes insurance premiums to increase for everyone. Parking lots are especially prone to auto fraud as there are many people walking in and out of aisles with visual obstructions.

Insurance companies "nonrenew" Eastern Seaboard homeowners' policies, cite recent "hurricane events"
Source: The New York Times

It is 1,200 miles from the coastline where Hurricane Katrina touched land two years ago to the neat colonial-style home here where James Gray, a retired public relations consultant, and his wife, Ann, live.

Louisiana Homeowners dumbfounded by Allstate's cancellations
Source: NOLA.com

Robyn Halvorsen's journey home after Hurricane Katrina was shorter than most.

Allstate Insurance Company Recognizes Global Warming
Source: The Hartford Courant

In a dramatic move to limit future hurricane claims, Allstate Corp. said Thursday it will stop selling new homeowners' insurance policies Feb. 12 anywhere in Connecticut - not just at the shore - in a move that some critics said was an overreaction.

Allstate Settles Insurance Lawsuit in Texas
Source: Reuters

Allstate Corp. agreed to modify its use of credit reports in setting rates for home and auto insurance on Friday, in what may be the first legal settlement of its kind.

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