Allstate, State Farm continue to raise rates, citing inflation, crash severity
— September 21, 2022Allstate and State Farm have continued to pursue significant auto insurance rate increases as they react
Continue Reading ...
Allstate
-
-
Settlement reached in class action suit against Allstate over sales taxes
— September 9, 2022Allstate has agreed to make payments to thousands of its insureds in Pennsylvania to settle a class action
Continue Reading ... -
UBI interest & insurance carrier switches see uptick in Q2
— August 8, 2022J.D. Power’s Q2 2022 Insurance Loyalty Indicator and Shopping Trends (LIST) report, in collaboration
Continue Reading ... -
Market concentration in auto insurance increases; GEICO, Progressive projected to pass State Farm in 2023
— July 26, 2022Personal auto insurance continues to move toward a “more concentrated” market, with the 10
Continue Reading ... -
Allstate still losing money on auto insurance, despite rate increases
— July 25, 2022In spite of raising rates by an average of 8.3% in all 50 states, Allstate continues to lose money on
Continue Reading ... -
Report finds State Farm, Allstate most hit by insurance litigation in 2021
— July 21, 2022State Farm, the nation’s largest auto insurer, is also far and away the most sued, according to
Continue Reading ... -
Auto insurers’ figures show they pocketed millions in pandemic profits in Illinois
— July 6, 2022Even after providing rebates, auto insurers reaped hundreds of millions of dollars in additional profits
Continue Reading ... -
Report: Auto insurers spent $10B on advertising in 2021
— July 5, 2022Auto insurers spent more than $10 billion on advertising in 2021, an increase of 3% from the previous
Continue Reading ... -
Allstate seeks patent for telematics-based driving assessment technology
— July 1, 2022Allstate has filed a patent application for technology that would allow telematics-based driving assessment
Continue Reading ... -
Allstate, GEICO top list of carriers raising auto insurance premiums
— June 7, 2022Allstate and GEICO will each take in nearly $200 million in additional premium nationwide as a result
Continue Reading ...