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Allstate announces first quarter catastrophe losses
Apr 15, 2021 1:44 PM
Allstate Corp. announced $466 million in catastrophe losses for the first quarter of 2021.
Kemper completes acquisition of American Access
Apr 1, 2021 12:33 PM
Kemper Corp. Thursday said it has closed its previously announced acquisition of American Access Casualty Co. and its related captive insurance agency, Newins Insurance Agency Holdings LLC, and its subsidiaries.
Allstate to sell last life insurance company
Mar 29, 2021 2:01 PM
Allstate Corp. Monday said it has agreed to sell Allstate Life Insurance Co. of New York to Wilton Re for $220 million. This transaction, along with the previously announced agreement to sell Allstate Life Insurance Co. and certain affiliates to entities managed by Blackstone, completes Allstate's exit from the life and annuity businesses.
Insurance agent joins Brightway, The Janicki Agency
Mar 24, 2021 9:00 AM
Matt Maday is the newest insurance agent to join Brightway, The Janicki Agency, in Lake Zurich. Maday comes to Brightway with 13 years of insurance experience. Most recently, he was an agent with Allstate.
Texas snowstorm costs Allstate $567 million
Mar 18, 2021 1:51 PM
Allstate Corp. Thursday reported estimated catastrophe losses for the month of February of $577 million.
5 things agents wish people knew about insurance
By SARAH SCHLICHTER of NerdWallet
Mar 7, 2021 6:00 AM
Insurance is notoriously complicated, and few people have the time or desire to pore over their policies. But some basic knowledge can go a long way -- and that's where an insurance agent can help, by clearing up some of the most common misconceptions they encounter.
Lisle-based association starts insurance blog
Mar 3, 2021 2:06 PM
The Lisle-based American Association of Insurance Services has launched AAIS Views, a blog dedicated to providing the insurance community and its stakeholders with insights on today's most pressing issues.
Allstate increases quarterly dividend by 50%
Feb 22, 2021 2:32 PM
Allstate Corp. Monday said its board of directors has approved a quarterly dividend of 81 cents on each outstanding share of the corporation's common stock. This represents a 50% increase from the dividend declared in the previous quarter.
Insurer to pay Assertio $5 million in opioid settlement
Feb 4, 2021 2:42 PM
Lake Forest-based Assertio Holdings Inc. said it has settled a claim with its insurer over opioid lawsuits brought against its subsidiary, Assertio Therapeutics Inc.
Allstate reports $5 billion in profit for 2020
Feb 4, 2021 2:27 PM
Allstate Corp. reported profit of $5.58 billion in fiscal year 2020, or $17.31 per share. Revenue was reported as $43.44 billion.
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