Allstate

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.

Express initiative will cover 24 categories of products.

Tom Wilson spoke after the insurer posted fourth-quarter adjusted earnings.

The company said the move would free up money to spend on new technology and more marketing of its Allstate brand.

Customers were ready to leverage drones and self-service after weeks under social-distancing regulations, insurers say.

Learn how data informed Allstate's decision to rebate auto insurance customers as COVID-19 kept cars off the road.

Allstate expects to give back more than $600 million, while, American Family Insurance said it plans to return about $200 million.

The majority of Ford and Lincoln 2020 model-year vehicles with embedded modems will be able to connect with Allstate’s Milewise program, which is currently in 14 states,

A pilot in Arizona tests the ability to adjust rates based on driving data week to week.

The insurer will still sell policies over the internet as it phases out the Esurance name next year and reworks how consumers are directed to its web-based platforms and agencies.

Technology can’t stand on its own, says Greg Firestone, VP of data science. Here’s how he gets the business to buy in.