Allstate Aktie News

The company took steps to reduce its risk to wildfire-prone California, but that's not the only issue facing investors.

The insurer's shares rose on Monday, having dropped at the end of last week.

Investors are realizing that they no longer can count on lower interest rates and inflation to support higher stock and bond prices.

The lawsuit accuses Arity, an Allstate subsidiary, of collecting data about people's driving behavior through mobile phone apps, leading to increases in drivers' insurance rates.

Allstate has been sued by the state of Texas, which accused the insurer of unlawfully collecting consumers' driving data and then using the data to justify raising insurance rates.

The death toll from the fires rose to 24 from 16, and more than 12,000 structures have burned.

Allstate has consistently beaten estimates, but high expectations and competitive pressures may limit future growth, especially in the auto insurance market. The company's recent performance is strong, with significant improvements in underwriting income and new business levels across all distribution channels. Despite favorable current conditions, long-term margins may normalize, and ROE could...

NORTHBROOK, Ill.--(BUSINESS WIRE)--Allstate is supporting Southern California customers with their claims to help start their recovery from the wildfires. The Allstate Foundation has pledged two contributions totaling $750,000 to the American Red Cross and the Center for Disaster Philanthropy, strengthening these organizations' ability to support communities affected by disasters. Allstate is h...