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The Latest Breaking News from AllState

Insurers hike rates as extreme storms like Beryl proliferate, bringing forecasts for fatter profits

Destructive storms like Hurricane Beryl that knocked out power to 3 million homes and businesses in Texas are growing more frequent and intense, and insurers are jacking up rates in response

The Independent UK

Workers are feeling frustrated in their jobs and companies are scrambling to address it

The growing sense of dissatisfaction has prompted companies to adopt new strategies to facilitate employee mobility and skill development

Latin Times

Insurance Stocks Do Just Fine Amid Harsh Weather

The property and casualty insurance industry picks up much of the tab for these catastrophes. As a result, the sector recorded a total of $50 billion in underwriting losses — that is, the gap between claims and premiums — in 2022 and 2023.

Kiplinger

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Is Allstate Stock Outperforming the Nasdaq?

While Allstate has outperformed the Nasdaq Composite over the past year, Wall Street analysts remain cautiously optimistic about the stock’s prospects.

Barchart

3 different ways to compensate ERG leaders

Allstate, Micron, and Autodesk all pay their affinity group chiefs using different methods, but they’ve all seen good results.

Fortune

More companies are paying their ERG leaders—here’s how they approach compensation

There’s not just one way to pay the head of an employee resource group.

Fortune

College football fans had so many jokes about the Big 12 potentially selling the conference’s naming rights

Nobody is going to call it that.

USA Today Sports Media Group

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No Joke: Allstate, L’Oreal, T-Mobile, VW Sign Up As ‘SNL’ 50th Anniversary Presenting Sponsors

Special to air in primetime February 16

Broadcasting & Cable

Chart of the Day: You're in Good Hands With Allstate

The Chart of the Day belongs to the P&C insurance company Allstate (ALL) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart...

Barchart

Insurance crisis leaves homeowners vulnerable in hurricane-prone Louisiana

Since the 2020 hurricanes, nine insurers became insolvent in the US state of Louisiana within a couple of years.

Al Jazeera

Two Home Insurers Eye Rate Hikes Of More Than 50% In Florida

Home insurance costs are rising in Florida and other states due to severe weather, higher repair costs and elevated reinsurance premiums, Allstate says.

Kiplinger

New Galaxy S24 drop tests are raising some eyebrows with concerning results

A drop test suggests the Galaxy S24 Ultra could crack easier despite its titanium frame and upgraded glass, so a case is still a must-have.

Android Central

Samsung Galaxy S24 drop test has some surprising results — what you need to know

In drop tests performed by Allstate Protection plans, the Galaxy S24 fared worse than last year's Galaxy S23 despite Samsung making changes to the phone's durability features.

Tom’s Guide

Stocks Finish Mostly Lower as Higher Bond Yields Undercut Tech Stocks

What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -0.34%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.03%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.53%. Stocks on Thursday settled mixed, with the S&P...

Barchart

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Barchart

Broader Market Gains on Positive Corporate News

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.22%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.46%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.13%. Stocks this morning are mixed, with the Nasdaq 100...

StockNews.com

Berkshire Hathaway (BRK.B) vs. Allstate (ALL) - Which Insurance Stock Will Lead in 2024?

With the rising frequency of natural disasters globally and rapid technological advancements, the property and casualty insurance industry is well-positioned to benefit. Considering this, which stock among the two industry leaders, Berkshire Hathaway (BRK.B) and The Allstate Corp (ALL), is better equipped to yield superior returns? Let’s find out….

Fortune

Job applications at Allstate grew 26% after adopting flexible work policy

Insurance giant Allstate is letting individual teams set their own hybrid policies and using physical spaces as collaborative hubs.

Fortune

4 more insurers are leaving California after Allstate and State Farm flee wildfire risk

Moves follow a large withdrawal of companies from Florida, whose CFO called them “the Bud Light of the insurance industry."

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Fortune

Understanding the ethical and business imperatives of generative AI

Larger societal challenges are emerging as employers continue to increasingly incorporate AI in the workplace.

Broadcasting & Cable

DirecTV and Notre Dame Football Fly Above Nexstar Blackout with 4K Channel, New Sponsorship Deal

DirecTV hasn't been able to fix the biggest station blackout ever, but it just joined Citi, Allstate and Howard Bailey as Notre Dame sports sponsors

Chicago Sun-Times

More evidence that car insurance pricing in Illinois is biased against the poor

A new study backs up a Sun-Times Watchdogs report and comes as rates across the state continue to skyrocket. The study found that bad credit means you pay more for car insurance.

WEKU

How climate change could cause a home insurance meltdown

It's increasingly expensive and difficult to get home insurance, as losses rise from climate-driven disasters such as wildfires and hurricanes. And the solutions aren't always politically popular.

The Guardian - US

‘We can’t escape’: climate crisis is driving up cost of living in the US west

Extreme weather, fueled by global heating, is affecting energy, water, insurance premiums and food and housing costs

The Guardian - US

State Farm stopped insuring California homes due to climate risks. But it shares lobbyists with big oil

Allstate, too, has pulled out of climate disaster-prone areas while hiring lobbyists who are also aligned to fossil fuel interests

Los Angeles Times

Column: State Farm is right. California can’t keep building housing in high-risk places

Back in January, on a dark night of pelting rain, Erica Lopez Bedolla had only minutes to evacuate her family from the impoverished Central Valley town of Planada after a levee broke.

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