Allstate

AM Best Places Credit Ratings of Allstate Life Insurance Company of New York and Intramerica Life Insurance Company Under Review with Positive Implications

Retrieved on: 
Thursday, April 1, 2021
Banking, Professional services, Insurance, Finance, Allstate, Insurance companies, Hauppauge, Companies, Insurance

AM Best has placed under review with positive implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-term ICR) of a+ of Allstate Life Insurance Company of New York (Allstate Life NY) (Hauppauge, NY).

Key Points: 
  • AM Best has placed under review with positive implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-term ICR) of a+ of Allstate Life Insurance Company of New York (Allstate Life NY) (Hauppauge, NY).
  • Concurrently, AM Best has also placed under review with positive implications the FSR of B++ (Good) and the Long-Term ICR of bbb+ of Intramerica Life Insurance Company (Intramerica) (Hauppauge, NY).
  • These Credit Rating (rating) actions follow the recent announcement that Wilton Reassurance Company has entered into an agreement to acquire Allstate Life of NY and Intramerica for $220 million.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .

Allstate to Discuss First Quarter 2021 Earnings

Retrieved on: 
Thursday, April 1, 2021
Insurance, Professional services, Sears Holdings, Cars, Motor vehicles, Corporate finance, Stock market, Finance, Earnings call, Teleconferencing, Allstate, New York Stock Exchange

The Allstate Corporation (NYSE: ALL) will conduct a conference call and webcast at 9 a.m. Eastern on Thursday, May 6, 2021, to discuss first quarter 2021 earnings.

Key Points: 
  • The Allstate Corporation (NYSE: ALL) will conduct a conference call and webcast at 9 a.m. Eastern on Thursday, May 6, 2021, to discuss first quarter 2021 earnings.
  • To view Allstates quarterly results after their filing, including the earnings release and investor supplement, go to www.sec.gov .
  • Preliminary dates and times for future earnings calls/webcasts are on the Allstate investor website .
  • Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com .

Synchronoss Personal Cloud Solution Selected for Integration into Allstate Protection Plans Consumer Device Protection Offering

Retrieved on: 
Tuesday, March 30, 2021
Cloud infrastructure, Allstate, Insurance companies, Cloud computing, Companies, Insurance

BRIDGEWATER, N.J., March 30, 2021 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (NASDAQ: SNCR), a global leader and innovator of cloud, messaging and digital solutions,today announcedthat Allstate Protection Plans has selected the Synchronoss Personal Cloud solution for integration into select device protection plan offerings.

Key Points: 
  • BRIDGEWATER, N.J., March 30, 2021 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (NASDAQ: SNCR), a global leader and innovator of cloud, messaging and digital solutions,today announcedthat Allstate Protection Plans has selected the Synchronoss Personal Cloud solution for integration into select device protection plan offerings.
  • We look forward to collaborating with Allstate Protection Plans to help it take advantage of all that the Synchronoss Personal Cloud solution can bring to the table, including the flexibility to quickly add other value-added services.
  • Adding the feature-rich capabilities of the Synchronoss Personal Cloud to select personal protection offerings means we are now able to safeguard a customers total mobile ecosystem.
  • Allstate Protection Plans are available for mobile devices, electronics, appliances, furniture, and other consumer products at major retailers and carriers internationally.

Allstate Completes Exit of Life and Annuity Businesses

Retrieved on: 
Monday, March 29, 2021
Other Professional Services, Professional services, Insurance, Finance, Sears Holdings, Annuities, Finance, Cars, Insurance, Allstate, Life annuity, Allstate, Wilton Re

The Allstate Corporation (NYSE: ALL) has agreed to a transaction in which Wilton Re will pay $220 million to acquire Allstate Life Insurance Company of New York (ALNY).

Key Points: 
  • The Allstate Corporation (NYSE: ALL) has agreed to a transaction in which Wilton Re will pay $220 million to acquire Allstate Life Insurance Company of New York (ALNY).
  • This transaction, along with the previously announced agreement to sell Allstate Life Insurance Company (ALIC) and certain affiliates to entities managed by Blackstone, completes Allstates exit from the life and annuity businesses.
  • Allstate agents and exclusive financial specialists will continue to meet customers needs by offering a full suite of life insurance and retirement solutions from third-party providers.
  • Wilton Re is a trusted name with a history of excellent customer service and expert management of life insurance and annuity portfolios, so ALNY customers will be well protected, said Mario Rizzo, Chief Financial Officer of Allstate.

Allstate Announces February 2021 Catastrophe Losses

Retrieved on: 
Thursday, March 18, 2021
Insurance, Professional services, Actuarial science, Reinsurance, Allstate, Tax, Insurance, Insurance companies, Companies

The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of February of $577 million, pre-tax ($456 million, after-tax).

Key Points: 
  • The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of February of $577 million, pre-tax ($456 million, after-tax).
  • Catastrophe losses in February comprised two events at an estimated cost of $590 million, pre-tax ($466 million, after-tax), partially offset by favorable prior period reserve reestimates.
  • Estimated catastrophe losses for the month of January 2021 were favorable $55 million, reflecting subrogation recoveries related to the 2018 Woolsey wildfire, bringing estimated February quarter-to-date catastrophe losses to $522 million, pre-tax ($412 million, after-tax).
  • Given these events, Allstate has surpassed the retention level of the nationwide aggregate reinsurance cover, with the annual risk period ending March 31, 2021.

Junior Achievement and The Allstate Foundation Launch Lessons to Teach Teens about Healthy Financial Relationships

Retrieved on: 
Wednesday, March 3, 2021
Allstate, Junior Achievement, Insurance companies, Companies, Insurance

COLORADO SPRINGS, Colo., March 3, 2021 /PRNewswire/ -- Today, Junior Achievement USA (JA) and The Allstate Foundation announced the rollout of new lessons focused on healthy financial relationships for teens with an update and expansion of the JA Personal Financeprogram.

Key Points: 
  • COLORADO SPRINGS, Colo., March 3, 2021 /PRNewswire/ -- Today, Junior Achievement USA (JA) and The Allstate Foundation announced the rollout of new lessons focused on healthy financial relationships for teens with an update and expansion of the JA Personal Financeprogram.
  • With The Allstate Foundation's support, the original eight sessions of the program have been refreshed with content promoting healthy financial relationships.
  • The intent is to provide students with the knowledge and skills necessary to promote healthy financial relationships in their lives."
  • We're proud to team up with Junior Achievement USA to educate young people about healthy financial relationships and help prevent abusive relationships before they start."

PlanSource Shares Review of 2020; Benefits Administration Tech Leader Reports Growth Across Partnerships, Products and Performance

Retrieved on: 
Monday, March 1, 2021
Insurance companies, Companies, Insurance, Bloomfield, Connecticut, Cigna, SunLife, Reseller, Allstate, Employee benefits

More than 1,000 new employers representing 1.6 million employees selected PlanSource to simplify and automate their employee benefit programs in 2020.

Key Points: 
  • More than 1,000 new employers representing 1.6 million employees selected PlanSource to simplify and automate their employee benefit programs in 2020.
  • PlanSource now serves more than 7.5 million consumers across 5,000 customers through its work with more than 500 brokers and resellers.
  • In 2020 PlanSource added four new partners: Allstate Benefits, Cigna, Reliance Standard and SunLife .
  • PlanSource also welcomed a record number of new resellers in 2020, including Catto & Catto, Employee Family Protection , Forester Benefits Management , ProValue, Summit Services and Synergy Enrollment & Benefits .

Allstate Extends its Good Hands to Customers in Texas

Retrieved on: 
Tuesday, February 23, 2021
Sears Holdings, Cars, Allstate, Insurance companies, Motor vehicles, Northbrook, Illinois

NORTHBROOK, Ill., Feb. 23, 2021 /PRNewswire/ -- Over the weekend, Allstate assembled six Mobile Claim Centers (MCCs) across Texas to help assist customers affected by the winter storms.

Key Points: 
  • NORTHBROOK, Ill., Feb. 23, 2021 /PRNewswire/ -- Over the weekend, Allstate assembled six Mobile Claim Centers (MCCs) across Texas to help assist customers affected by the winter storms.
  • The Allstate Foundation is also providing financial support to nonprofits helping residents in underserved communities who were impacted by the weather.
  • To further its commitment to Texas' recovery, Allstate employee and agent donations to eligible nonprofits will be matched at 100% (up to $1,000 per donor per year) by the Foundation.
  • "Allstate leads in helping customers recover from this extreme weather with fast claim services through the Allstate Mobile app, advanced photo and video technology and instant payments to customers," said Eric Brandt, Executive Vice President and Chief Claims Officer.

Allstate CFO to Present at Raymond James Annual Institutional Investors Conference 2021

Retrieved on: 
Tuesday, February 23, 2021
Insurance, Professional services, Sears Holdings, Cars, Finance, Allstate, Insurance companies, New York Stock Exchange, Institutional Investor

The Allstate Corporation (NYSE: ALL), one of the nations largest publicly held personal lines insurers, announced that Mario Rizzo, Chief Financial Officer, will present at the virtual Raymond James & Associates 42nd Annual Institutional Investors Conference at 11:40 a.m. EST on Monday, March 1.

Key Points: 
  • The Allstate Corporation (NYSE: ALL), one of the nations largest publicly held personal lines insurers, announced that Mario Rizzo, Chief Financial Officer, will present at the virtual Raymond James & Associates 42nd Annual Institutional Investors Conference at 11:40 a.m. EST on Monday, March 1.
  • A webcast of the presentation can be accessed at www.allstateinvestors.com , where a replay will be posted in the executive speeches section shortly after the presentation ends.
  • Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com .
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20210223005781/en/

ICW Group Names Iva Yuan Vice President, Product and Pricing

Retrieved on: 
Monday, February 22, 2021
Insurance companies, Insurance in the United States, Financial services, Allstate, Esurance, Pricing, Actuary, International World Class Championship Wrestling

SAN DIEGO, Feb. 22, 2021 /PRNewswire-PRWeb/ --Iva Yuan joins ICW Group Insurance Companies , a leading group of property and casualty carriers, as Vice President, Product and Pricing the company announced today.

Key Points: 
  • SAN DIEGO, Feb. 22, 2021 /PRNewswire-PRWeb/ --Iva Yuan joins ICW Group Insurance Companies , a leading group of property and casualty carriers, as Vice President, Product and Pricing the company announced today.
  • Yuan brings more than 20 years of P&C insurance industry experience to ICW Group and will oversee the strategic direction of its product lines across the company's various businesses.
  • Prior to joining ICW Group, Yuan served as Vice President of Product Management as well as Chief Actuary at the Allstate direct-to-consumer company Esurance.
  • "ICW Group continues to expand at a rapid pace and Iva's deep knowledge of product pricing, regulatory nuances and compliance across multiple states will further support our aggressive growth strategy."