Allstate, State Farm Sued Over $4 Billion Maui Fire Settlement July 22, 2024 By Jef Feeley A half-dozen Maui wildfire victims sued a group of insurers, including State Farm and Allstate, accusing them of throwing a...
Allstate Reports May Pretax Catastrophe Losses of $1.4B June 20, 2024 By Chad Hemenway Allstate Corp. on Thursday reported May pretax catastrophe losses of about $1.4 billion. The Northbrook, Illinois-based insurer said 14 events...
Allstate Names Fiato Executive Vice President and Chief Claims Officer January 22, 2024 Allstate named Mike Fiato executive vice president and chief claims officer. Fiato will oversee the strategic and operational direction of...
Allstate Doesn’t Owe for Diminished Value; Farm Bureau Barred from Subro, Courts Say January 17, 2024 By William Rabb Two court rulings in Southeastern states have underscored insurers’ responsibilities under uninsured motorist laws. In a Mississippi class-action lawsuit, the...
Claims Adjuster Forfeits Beach House, Will Serve Prison Time for Fraud Scheme October 24, 2023 A former Allstate claims adjuster will spend one year and a day in prison and forfeit his beach house and...
Rate Hikes Not Bringing Profit to U.S. Auto Insurers: Fitch August 23, 2023 By Susanne Sclafane Jumps in rates and written premiums did little to move the needle on underwriting profits for U.S. personal auto insurers,...
Allstate Records $2.7B Net Catastrophe Hit on Way to Q2 Loss of $1.4B August 3, 2023 By Chad Hemenway Allstate Corp. reported net catastrophe losses of $2.7 billion in the second quarter, resulting in a net loss for the...
Allstate Posts Bigger Loss as Catastrophe Claims Rise August 2, 2023 Insurer Allstate Corp. posted a bigger-than-expected quarterly loss on Tuesday as claims related to higher catastrophic events offset gains from...
California Insurance Market Rattled by Withdrawal of Major Companies June 7, 2023 By Michael R. Blood LOS ANGELES (AP) — Two insurance industry giants have pulled back from California’s home insurance marketplace, saying that increasing wildfire...
Colo. Supreme Rules Adjuster Can’t Be Held Personally Liable for Denied Claim March 15, 2022 By Jim Sams A Colorado law that allows claimants to collect double coverage if a claim is unreasonably denied or delayed does not...