Sep. 2, 2010 at 10:06 a.m.
Filed under:
Autos,
Insurance
By Wailin Wong
Chicago is one of the least safe U.S. cities for drivers, according to a new annual survey by Allstate Insurance Co.
Out of 200 U.S. cities, Chicago ranked #167, Allstate said Thursday. The company’s data show that the average driver in Chicago will experience an auto collision every 7.6 years. This is a marginal improvement over the 7.3-year figure in the 2009 survey, but still puts Chicago behind other cities such as New York (#159) and San Diego (#103).
Allstate noted that U.S. cities with populations over 1 million people are more likely than the national average to experience a collision. Fort Collins, Colo., which has a population of roughly 140,600 as of July 2009, emerged as the safest driving city for 2010. Residents in Fort Collins go an average 14.5 years between collisions. Get the full story »
Aug. 30, 2010 at 6:37 a.m.
Filed under:
Insurance
By Dow Jones Newswires-Wall Street Journal
Nearly a third of U.S. households have no life-insurance coverage, the highest percentage in more than four decades, according to research firm Limra.
About 35 million U.S. households neither own their own life-insurance policies nor are covered under employer-sponsored plans, up from the 24 million, or 22 percent of households, without coverage in 2004, according to the study this year by Limra, of Windsor, Conn. Get the full story »
Aug. 19, 2010 at 3:37 p.m.
Filed under:
Insurance
By Becky Yerak
State Farm Insurance Co., the Bloomington-based home and auto insurer, said it has introduced what it claims is the insurance industry’s first free mobile phone accessory to address growing concerns about distracted driving.
Rival Allstate Corp. of Northbrook couldn’t be reached for immediate comment.
State Farm’s “On the Move” widget enables Android smartphone users to let people texting them know that they’re busy or driving. Besides reducing the number of accidents, such a tool could help insurers lower claims costs. Get the full story »
Aug. 10, 2010 at 12:10 p.m.
Filed under:
Banking,
Credit Cards,
Insurance
By Becky Yerak
Capital One and Bank of America are the most up-front about the interest rates, fees and rewards on their credit cards, according to a new study by credit card research Web site Cardhub.com.
Sure, most card applications spell out all the terms in the fine print, but most consumers lack the patience to read the tiny disclosures.
Capital One and Bank of America ranked highest among 10 issuers in clarity on their applications, with scores of 96.4 percent and 95 percent, respectively. Get the full story »
Aug. 4, 2010 at 4:34 p.m.
Filed under:
Earnings,
Insurance,
Updated
By Associated Press
Property and casualty insurer Allstate Corp. said Wednesday that its net income fell sharply in the second quarter as a result of investment losses. But the Northbrook, Ill., company noted that the performance of both its insurance and financial services businesses showed improvements.
For the three months ended June 30, Allstate earned $145 million, or 27 cents per share. That compares with a profit of $389 million, or 72 cents per share, in the year-ago period.
July 22, 2010 at 2:13 p.m.
Filed under:
Insurance
From the Chicago Daily Herald | Allstate Corp. has sold one of its businesses that provides group legal-services coverage. The Northbrook-based company sold the business to MetLife Inc., the largest U.S. life insurer.
July 7, 2010 at 6:57 a.m.
Filed under:
Government,
Investing
From Bloomberg News | Allstate Corp. Chief Executive Officer Thomas Wilson said he believes “government borrowing is way out of control” and prompt declines in the value of municipal bonds, a major component of Allstate’s holdings. In the last three quarters, Allstate has cut its municipal holdings, which now total about $20.1 billion.
April 29, 2010 at 1:12 p.m.
Filed under:
Consumer news,
Government,
Health care,
Insurance
Associated Press via Bloomberg | Allstate Corp. spent $1.08 million in the first quarter to lobby the federal government on consumer protection rights, health care and other issues, according to a recent disclosure report. That’s up 21.3 percent from the $890,000 it spent in the year-ago period, and up from the $650,000 it spent in the fourth quarter of 2009.
Get the full story: businessweek.com.
