allstate insurance company Archives

Allstate insurance company purchases potential new Chicago headquarters

January 20, 2022January 19, 2022 Nordstrom

Insurance company - making a purchase - deal

The insurer announced that it has purchased the building at 29 N. Wacker, where it might place its HQ. The Allstate insurance company has announced that it is acquiring an office building in the Loop in Chicago. This new location has the potential to serve as the national insurer’s new headquarters following the sale of its former HQ at the Northbrook campus. The announcement has been made under two months from that announcing the sale in Northbrook. The insurance company bought the 29 N. Wacker Drive 10-storey building for an…

The Allstate Corporation boosts support to business ownership diversity

November 23, 2020November 20, 2020 H. Cutner

Allstate Corporation - Diversity and Equality in Business

The insurance company has focused on a corporate bond offering comprised exclusively of MWVBEs. The Allstate Corporation recently priced $1.2 billion of 5-year and 10-year senior notes via a syndicate comprised of exclusively minority-, women-, and veteran-owned business enterprises (MWVBEs). The insurance company’s move represents a first of its kind bond offering of this size. The Allstate Corporation’s bond offering is the first of this size with exclusive management by MWVBEs. It represents a substantial step in underscoring the insurance company’s focus on diversity and equality. “It is time to…

Allstate takes insurance company legal motion to the next level

January 30, 2020January 29, 2020 H. Cutner

Insurance company legal - broken windshield

The insurer has filed a response to a battle involving a motion to compel originally filed by Auto Glass America. Allstate has filed a response in an insurance company legal battle which includes a motion to compel which was filed by Auto Glass America (A.G.A.). The windshield repair business alleges that the insurer must offer more information relating a specific case. The A.G.A. alleges that Allstate needs to offer additional information regarding a forced windshield repair case. This is the second time Allstate has responded to the insurance company legal…

Alleged Allstate whistleblower sued for $700K over insurance discrimination accusations

May 21, 2019May 20, 2019 G. Turner

Mehda Joshi claimed that the insurance company sought to deny coverage to visible minorities in Canada. A former Allstate employee in Canada sued the company for wrongful dismissal and publicly accused the company of insurance discrimination. The company has now launched a counterclaim against the woman, Mehdi Joshi, for over $700,000 in damages. The legal battle between Joshi and Allstate Insurance Canada began in a Toronto court last week. This court battle is in Canada’s national spotlight and is also being watched by many other countries around the world due…

Allstate Insurance Company recognizes Isaac White for Black History Month campaign

February 17, 2017February 15, 2017 Julie Campbell

Allstate Insurance Company - White's Barber College Black History Month

The Mobile, Alabama barber will be featured in the insurer’s national African American empowerment campaign. Allstate Insurance Company is holding a national campaign to help empower the African American community throughout February, Black History Month. As a part of this campaign, it is placing the spotlight on a barber from Mobile, Alabama named Isaac White. White is an icon within his community and the insurer is proud to draw attention to his achievements. White is currently 97 years old and he continues to go to work every day. He is…

Allstate files insurance fraud lawsuit against chiropractors

February 8, 2017February 6, 2017 H. Cutner

The suit alleges that three Providence practitioners were involved in a scheme to defraud the insurer. Allstate Insurance Company has filed a lawsuit accusing licensed chiropractors of insurance fraud. The suit specifically points to the owner of a clinic. The owner is accused of falsifying medical records in order to increase the size of the insurance claims. The owner also allegedly paid kickbacks to personal injury lawyers in order to receive client referrals. The insurance fraud lawsuit was filed with the U.S. District Court. Within it, Allstate alleges that Arianna…

Allstate Insurance Company launching new underwriting platform

January 24, 2017January 23, 2017 G. Turner

The insurer announced the implementation of the platform featuring automated data integration. Allstate Insurance Company has announced its intentions to implement the UnderwritingCenter platform. The platform was created by Myriad Development. The goal is to improve automated data integration while enhancing the quality of risk evaluation. UnderwritingCenter allows Allstate to automate its underwriting decision making processes. At the same time, Allstate Insurance Company can use the underwriting platform to integrate third party data and virtual surveys into the mix. In this way, the insurer hopes to produce greater accuracy in…