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Allstate

A Warmer World

As hurricanes get more severe, how do insurers calculate risk?

by Amy Scott
Jul 4, 2023
Risks and costs are rising, largely due to climate change, but where the risk hits is key, a veteran "catastrophe modeler" says.
A home in Fort Myers Beach, Florida, that was destroyed by Hurricane Ian. "Hurricanes are like real estate," catastrophe modeler Karen Clark says. What matters is "location, location, location."
Joe Raedle/Getty Images
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COVID-19

Some auto insurers offer discounts as COVID-19 curtails driving

by Jack Stewart
Apr 7, 2020
The calculation is that fewer cars on the road result in fewer accidents, and savings on insurance payouts.
Driving is down 35% to 50% across the country, meaning fewer crashes, Allstate CEO Tom Wilson says.
Bruce Bennett/Getty Images
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Corner Office

For Allstate CEO, the insurance business is all about the severe weather

by Kai Ryssdal , Bridget Bodnar and Sean McHenry
Nov 22, 2017
According to Allstate's Tom Wilson, the weather is getting worse — and it can be see in the damage costs.
Tom Wilson, Allstate's CEO and chairman.
Scott Olson/Getty Images
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Allstate wants to protect your washing machine, too?

by Amy Scott
Nov 29, 2016
The Insurance giant is betting on the warranty business.
Joe Raedle/Getty Images
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