Tag: allstate corporation

Allstate Corporation July losses offset by substantial income generation

Logan B.
Allstate Corporation - Money - Puzzle

Though there were a number of catastrophic events, PG&E subrogation recoveries made up for it. Allstate Corporation has reported that even though it faced a spectrum of catastrophic events during July 2020, the losses it experienced were more than offset by its incomes. The insurer faced losses of $145 million in July due to catastrophic events of various forms. The losses faced by Allstate Corporation were more than offset to the PG&E subrogation recoveries income generation that occurred during that same month. In July, the catastrophic event losses were quite…

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iCracked to join SquareTrade following Allstate acquisition

Marc
iCracked - Partnership - Aquisition - Handshake

Allstate Corporation has purchased the on-site, on-demand smartphone and tablet repair service provider. Allstate Corporation, the nationwide insurance company, has announced its acquisition of iCracked. That firm is a provider of on-demand, on-site smartphone and tablet repair services across North America. Allstate will be joining iCracked with SquareTrade, the insurer’s company offering related products. iCracked, a San Francisco-based firm, will join SquareTrade . That company belongs to Allstate and is a provider of tech support and consumer protection plans. iCracked currently operates in both the United States and Canada across…

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Allstate identity protection gets a boost with InfoArmor acquisition

Julie Campbell
Identity Protection - Face

The insurer is expanding its ability to cover consumers against growing ad increasingly common risks. The Allstate Corporation is upping its presence in identity protection with a new agreement for InfoArmor, Inc. acquisition. This deal gives the insurance company the opportunity to raise its potential within this market. Identity theft is a growing area of concern among consumers who want to protect themselves. InfoArmor is a leading employee identity protection provider. It currently protects over 1 million employees and the members of their families. It covers the workers at over…

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Best insurance company for ethics title once again goes to Allstate

H. Cutner
Allstate best insurance company

For the third consecutive year, the insurer was deemed the 2017 most ethical company by the Ethisphere Institute. For the third year in a row, the Allstate Corporation was named the most ethical company by the Ethisphere Institute, making it the best insurance company for ethics for many consumers. The Ethisphere Institute has recognized the insurer as a global leader in establishing and improving ethical business practice standards. The designation was granted to the insurer in the form of the 2017 World’s Most Ethical Company. Allstate continually strives to be…

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Allstate New Jersey wins judgment from state Superior Court in franchise suit

Allstate New Jersey Insurance Company had received a judgment in its favor from the Superior Court in that state, dismissing all of the claims made against the insurer in a lawsuit that had been filed against it. In 2011, the suit was filed by three exclusive agents who sought to prevent the agreements with their agencies from being terminated for being unable to meet certain quotas. Their claim was that their relationship with Allstate New Jersey was of a franchise nature and that they therefore had the protection of the…

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