Allstate

Nationwide announced an agreement to acquire Allstate's employer stop loss segment for $1.25 billion.

In the coming months, a quarter of the insurance giant's 54,000 corporate employees in cities like Atlanta, Tampa and Minneapolis will be able to meet up with colleagues in offices booked by the day through a coworking platform called LiquidSpace.

State Farm, Allstate and Geico are top performers in digital experience, according to new research from Corporate Insight.

The rate hike, which will take effect from November, will impact about 350,000 policyholders across California.

Insurance companies applying AI to handle claims functions are seeing changes for both their staffs and policyholders.

Allstate Corp. will end its years-long pause on underwriting in California as soon as the state regulator adopts proposed regulatory changes to make it easier for insurers to raise rates, according to a company spokesperson.

Allstate found that customers who use Drivewise are 25% less likely to experience a severe collision than those who don't.

Mike Fiato will join Allstate as executive vice president and chief claims officer.

Allstate adds a gas finder from GasBuddy and a parking reservation platform using SpotHero.

CSAA Insurance Group will use the Arity IQ Network, which uses driving behavior data to quote auto insurance policies.

The company reported a $342 million loss on an adjusted basis for the period, compared to profit of $730 million a year earlier, it said Wednesday in a statement.

Zulfi Jeevanjee will accelerate digital transformation and deployment of new technology systems.

Mario Rizzo, the current chief financial officer, will succeed Glenn Shapiro as president of property-liability.

Other insurtech people moves: AIG, Aflac, Allstate, Hagerty and CCC.

Expenses in the fourth quarter surged 43% from a year earlier to more than $11.6 billion, the Northbrook, Illinois-based insurer said Wednesday in a statement. Costs tied to property and casualty claims made up the majority of the increase.

The unique partnership comes amid an increase in vehicle crash-related deaths and a desire to help customers understand how their choices could potentially support their overall health.

Based on more than 700 billion miles of historical driving data, most recently from more than 32 million active mobile telematics connections and more than a decade of data directly from cars, we’ve predicted three major trends to keep an eye out for as we head into 2022 and beyond.

Arity, a mobility data and analytics company founded by Allstate in 2016, has made its nearly 100 million driving risk scores exclusively available on Transparent.ly, a platform for auto insurance marketers to leverage leads and target shoppers.

With many employees choosing to work remotely, the insurance giant will sell its offices in Northbrook, Illinois, according to an emailed statement Friday. The complex in a Chicago suburb has several buildings that total 1.9 million square feet on a 186-acre (75 hectares), Allstate has said in regulatory filings.

The insurance company said auto property damage gross claim frequency in the second quarter was up 47% compared to the same quarter last year.