Allstate jobs to blossom in Irving, Texas thanks to new incentives

Allstate Jobs - logo - careers - Allstate Insurance YouTube

The insurance company intends to add 1,300 jobs as a component of a $11 million capital investment. About 1,300 new Allstate jobs opportunities will be opening up in Irving, Texas. This is a part of a broader $11 million capital investment made into the region, according to a recent announcement by Texas Governor Greg Abbott. Allstate was a perfect fit for this investment as it was considering expansion within North Texas. One component of the additional Allstate jobs in North Texas is that the Texas Enterprise Fund will give the…

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Substance abuse and mental health insurance claims double in ten years

Mental health insurance claims - young woman stressed

Claims are more than twice what they were a decade ago and the increase is driven by young adults and teens. Substance abuse and mental health insurance claims have spiked over the last decade, more than doubling during that time, said a new report. Moreover, the driving force behind this staggering growth rate is young adults and teens. The report was published in May by FAIR Health, a nonprofit health care organization. The report showed that rates of anxiety and depression among Americans of all ages have been rising over…

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

Insurance discrimination - Law - Court

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…

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Insurance giants Allstate and State Farm file fraudulent billing suits against healthcare providers

Insurance Giants - Medical Room

The two carriers have each filed separate lawsuits against medical doctors and their clinics. Two U.S. insurance giants have each filed a lawsuit against medical doctors as well as the pain management clinics of those healthcare providers. The doctors and clinics have been accused of submitting bills to the insurers for unnecessary medical procedures conducted on victims of vehicle crashes. The lawsuits are against both the clinics and the doctors who own them and provide healthcare there. One of the two insurance giants, Allstate Insurance, filed a lawsuit in the…

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Cyber insurance growth has declined as the industry struck $2 billion last year

Cyber insurnce growth - binary - cyber - tech

Fitch Ratings data showed that the market’s growth fell from 37 percent in 2017 to 8 percent in 2018. Cyber insurance growth has continued to rise at a healthy rate, but according to Fitch Ratings, it is not growing at a rate anywhere near what it was in 2017. In 2018, the insurance industry’s total direct written premiums for cyber coverage grew by 8 percent. According to Fitch Ratings, the total direct written premiums saw a cyber insurance growth rate was 37 percent in 2017. However, despite the fact that…

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Allstate made the most talkworthy insurance marketing campaign

Insurance marketing campaign - chalkboard - Services

The video game industry and the insurance industry portion of financial services marketed successfully. The most talkworthy insurance marketing campaign was created by Allstate, which beat out all other campaigns in the financial industry. At the same time, PlayStation accomplished the same thing within the video game industry. This, according to a recent analysis by Engagement Labs. These companies created the campaigns about which people were talking the most. The MIT Sloan Management Review published analytics demonstrating the way in which discussions with friends, family and coworkers are a driving…

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Parents are looking to education insurance to protect school costs

Education Insurance - Women on Laptop

Many people are making sure their tuition money is safe by investing in policies to ensure coverage. Some parents who have realized the risk involved in the funds they spend on tuition are turning to education insurance to keep their investment safe. Should anything happen during a student’s college career, recovering education costs can be difficult. Colleges typically offer different forms of refund policies. That said, after four to six weeks into the semester have passed, the refund policies for most colleges will have expired. This means that it’s nearly…

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