Allstate homeowners insurance Archives

US insurance company Allstate issues catastrophe losses and new rates report

March 29, 2024March 28, 2024 G. Turner

US insurance company - Business - Reports

The insurer has published its February 2024 report on its catastrophe losses and implemented rates. The US insurance company Allstate Corporation (NYSE symbol ALL) recently released its catastrophe loss data for February 2024. In the report, it announced its catastrophe losses were lower than the reporting threshold The US insurance company’s announcement showed data that illustrated that the insurer was under the $150 million reporting threshold for that month. The data shared by the insurer in a recent news release also delved into its rate increase for the auto coverage…

Allstate intends to phase out Esurance auto insurance brand

December 26, 2019December 23, 2019 Julie Campbell

The insurer has revealed its plans to hang up the brand eight years after having first acquired it. Eight years after purchasing Esurance auto insurance and homeowners coverage, Allstate has decided to divest itself of the brand. According to Allstate’s chief exec, Tom Wilson, the insurer is making the preparations necessary to say goodbye to the brand. The insurer has decided to continue the sale of the policies while phasing out the brand name. Allstate will still be selling the same home policies and Esurance auto insurance coverage the brand…

Wilkes-Barre tornado victims get helpful tips and advice from Allstate

June 19, 2018June 18, 2018 Nordstrom

The insurer reached out to residents of the township to offer them safety and coverage tips. Allstate issued some important advice to those affected by the Wilkes-Barre tornado last week. It reminded customers that their safety should come before anything else when returning home. Homeowners may be keen to assess possible damage, but Allstate reminds them to be cautious. The Wilkes-Barre tornado caused notable damage to the township. That said, the Allstate report reminds customers that when they return home, the damage may create unexpected dangers. Therefore, homeowners should first…

Home insurance policies should be reviewed as holiday shopping begins

November 30, 2016November 28, 2016 Nordstrom

homeowners home insurance policies christmas holidays

Even before the Christmas tree goes up, coverage should be consulted to be sure it’s enough. The last thing a homeowner wants to do is to make a claim on home insurance policies over the holiday season. However, this coverage can play an integral role in putting things right if the worst should happen. The risks of peril and of loss usually spike over the holidays. Therefore, homeowners are being advised to make sure the coverage they have is enough for their needs. Burning candles, piles of gifts, icy sidewalks…

Allstate home insurance is getting cheaper in California

March 3, 2016March 2, 2016 Julie Campbell

allstate homeowners home insurance rates

The insurer and the state commissioner have agreed to reduce the rates for homeowners coverage. Dave Jones, the California Insurance Commissioner, has now come to an agreement with Allstate Insurance Company and Allstate Indemnity Insurance in order to decrease the rates being paid by home insurance customers in the state. In fact, the homeowners insurance rates for California Allstate customers will drop by an average of 12.6 percent. For Californians who have home insurance through Allstate, this decision represents a decrease of an average of $230, each. The reduction in…

First quarter proves rough for insurance industry, but Allstate manages to stay on top

May 9, 2014May 7, 2014 S.Vagus

Allstate reports that it has performed well during the first quarter of 2014 Allstate, one of the largest insurance companies in the U.S., has reported promising results from the past quarter. The company had expected the last quarter to be somewhat grim in terms of profits, but Allstate has performed quite well in light of several problematic issues that have emerged throughout the U.S. over the past quarter. The company’s property and auto insurance business segments were particularly successful despite a relatively dubious market. Insurer’s premiums grew by 4% in…

Allstate eyes return to homeowners insurance business

December 24, 2012February 16, 2021 S.Vagus

allstate homeowners insurance market news

Allstate beginning to make changes to business plan Allstate, one of the largest insurance companies in the U.S., is looking to get back into the homeowners insurance business. CEO Tom Wilson has announced that the company is working to improve customer loyalty after consolidating several independent agencies, acquiring smaller insurance providers, and a rate increase spree. Part of this effort is to begin expanding its flagging homeowners insurance business, which has shrunk by more than 1 million policies over the last four years. Homeowners insurance business may yield high returns…