Allstate Insurance Record High: Implications for Investors and Industry

allstate insurance 52 week high

A Titan in the Field of Insurance – Record 52-Week High Share Price Allstate Insurance (NYSE:ALL) is not just a company, but a titan in the field of insurance. With a stronghold in the United States and Canada, it specializes in property and casualty insurance products, safeguarding your valuables against unforeseen circumstances. On Tuesday, Allstate’s share price hit a record 52-week high, escalating to $156.79. This leap mirrors the robust performance and confidence that investors have in Allstate. The proof lies in its impressive market cap of $40.65 billion. This…

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Wells Fargo personal insurance business to shut down in Q1 2018

wells fargo personal insurance business exit

The firm announced its intention to exit this sector and will start phasing out marketing immediately. Wells Fargo & Co announced it will be leaving the personal insurance business and will start reducing its marketing in that area. The exit from that market should be complete at some point during the first quarter of next year. Until it has fully exited the personal insurance space, it will continue selling and supporting those products. The company has stated that it intends to keep making personal insurance products available until it completely…

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Auto insurance silence remains commonplace among rideshare drivers

auto insurance fraud

Many participants in these programs are confused about the rules and are uncertain as to what to tell insurers. Despite the fact that the regulations with regards to the auto insurance coverage required by the drivers for rideshare programs such as Lyft and Uber have improved throughout 2014, and many cities have legalized the mobile app based transportation service, Forbes recently reported that many drivers are perplexed by the mixed messages that they have received and continue to opt for silence when it comes to informing their insurers. This is…

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New Chubb iPad App Puts Desktop in Agents’ Hands

mobile phone video insurance industry technology

WARREN, NJ – A new iPad application from Chubb Personal Insurance makes it easy for agents and brokers who are out of the office to access Chubb policies, marketing materials and the status of claims. The free @chubb Mobile app enables agents to use their password-protected Chubb ID to access Chubb’s Masterpiece® homeowners’ policy processing system; real-time claims information; rule and rate manuals from each state; and coverage summaries. A resource center provides links to www.chubb.com/personal, where agents can find product and service information, loss prevention tips and available discounts.…

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Understanding what is – and is not – covered by tornado insurance

The surge of destructive and deadly twisters last week has put the spotlight on tornado insurance once more, as consumers attempt to understand the type of coverage that it will provide, including why many homeowners are still forced to pay repair bills related to tornado damage regardless of their policies. The Insurance Information Institute has said that the majority of insurance policies for homeowners, businesses, and vehicles will include tornadoes as an element of their standard severe weather and wind coverage. Typically speaking, renters’ and homeowners’ insurance will cover the…

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