Tag: allstate auto insurance

Allstate sees 46 percent revenue increase in 2012 first quarter

Julie Campbell
California home insurance - Allstate Insurance company news

The insurer experienced significant improvements in its home and auto markets. Allstate Corp. has announced that the net income for the first quarter of 2012 had increased by approximately 46 percent to $766 million, in a news release from the company. The chief executive officer of the insurer, Thomas J. Wilson, stated that the strategy of the carrier for improving their margins in the homeowners and auto insurance sectors had been paying off. The property-liability segment at Allstate generated a $523 million underwriting profit within that quarter This was notably…

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Allstate to drop policies for homeowners that have not bundled their auto insurance policies. Other insurers may follow example

Nordstrom

In North Carolina, some 70,000 homeowners are on the verge of losing their insurance coverage if they do not purchase auto insurance from Allstate. The large insurer announced last year that it would be dropping customers who did not bundle their property and auto insurance together through the company. Allstate’s plan affects nearly 50,000 consumers throughout the state, but the North Carolina Farm Bureau Mutual Insurance Co., the third largest property insurer in the state, is following Allstate’s example and may drop roughly 20,000 policyholders if they do not get…

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State Farm auto insurance remains outside of Massachusetts

Julie Campbell

Following the end of the state-set auto insurance rates in Massachusetts three years ago, there have been over a dozen new insurers that have rushed in to take their piece of that sector. However, the largest auto insurer in the country, State Farm Mutual Automobile Insurance Co., has decided that it will be remaining outside of the state. Other insurers that have made their way in include Allstate, Geico, and Progressive. It’s believed that a fourteenth new auto insurer, Sun Prairie, Wisconsin-based General Casualty, will soon be joining that market.…

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Football fans have opportunity to win big prizes from Allstate mobile sweepstakes

Julie Campbell

Allstate Insurance Co. has announced that it will be providing fans of college football with the opportunity to win a trip to the BCS National Championship game, and a new car, by way of a text-to-win sweepstakes. Beyond these grand prizes, participants also have the chance to win other weekly prizes. The sweepstakes has already started and will continue until November 30, 2011. According to the director of sponsorship marketing for Allstate, Pam Hollander, from Northbrook, Illinois, the 60 Seconds of Mayhem sweepstakes was developed by Allstate to “generate awareness…

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