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The Latest Breaking News from AllState

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

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...

Barchart

12 Stocks Turn $10,000 Into $313,671 In 12 Months

Talk about a strong finish. Investors who hung onto the top S&P 500 stocks this year ended up much richer for the effort.

Investors Business Daily

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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….

StockNews.com

11 Stocks Turn $10,000 Into $229,964 In 11 Months

Hope you didn't bail out of S&P 500 stocks after three-straight months of losses. November turned into a big moneymaker.

Investors Business Daily

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."

Fortune

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Understanding the ethical and business imperatives of generative AI

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

Fortune

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

Broadcasting & Cable

Six Cheap Stocks' Profit Is Poised To Boom 50% Or More

You don't have to pay a fortune for S&P 500 stocks with rising profit. If you look, you'll find value-priced stocks in growth mode, too.

Investors Business Daily

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.

Chicago Sun-Times

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.

WEKU

‘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

The Guardian - US

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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.

Tribune News Service

California lets Allstate hike rates — but insurer still won’t write new home policies

Allstate has received California’s blessing to raise homeowner insurance premiums 4%, but the state’s fifth largest home insurer said it has no plans to reverse its decision last fall to stop writing new policies.

Bangkok Post

Can insurance come to our climate rescue?

California's fall from grace has been steep and swift, and now even the insurance companies are pulling out. The two biggest American home insurance companies, State Farm and Allstate, announced last week that they will stop selling insurance policies to Californians. Why? Climate change-related wildfires are making it too risky…

The Conversation

Why insurance companies are pulling out of California and Florida, and how to fix some of the underlying problems

When the nation’s No. 1 and No. 4 property and casualty insurance companies – State Farm and Allstate – confirmed that they would stop issuing new home insurance policies in California, it may have been a shock but shouldn’t have been a surprise. It’s a trend Florida and other hurricane-…

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Axios

Uninsurable America: Climate change hits the insurance industry

The threat of climate change-related disasters is a large factor driving up consumer costs and putting insurers out of business.

The Independent UK

California insurance market rattled by withdrawal of major companies

Two insurance industry giants have stepped back from the California marketplace

Chicago Sun-Times

Car insurance prices soar in Illinois, Rep. Will Guzzardi aiming to crack down on insurers

Chicago rep wants to require getting prior state approval for rate hikes, ban “excessive” increases and outlaw consideration of gender, occupation and credit scores in car insurance pricing.

WEKU

Dealers still sell Hyundais and Kias vulnerable to theft, but insurance is hard to get

Some insurance companies have stopped issuing new policies for models that are subject to a high rate of thefts, but consumers are still able to buy the cars.

Kiplinger

Cheapest Home Insurance: How to Find the Best Policy

Homeowners insurance can help cover your home in the event of a burglary, fire or natural disaster and the following tips can help you score the cheapest policies.

Tribune News Service

Television Q&A: Is that really Mayhem's brother in Allstate ad?

You have questions. I have some answers.

Tom’s Guide

Samsung Galaxy S23 drop test is a great argument for buying a phone case

The Samsung Galaxy S23 isn't immune to fall damage, as drop tests conducted by Allstate Protection Plans reveals.

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