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News Breaks
December 11, 2012
10:02 EDTALLAllstate awarded over $7M in fraud lawsuit
Allstate announced that a Los Angeles County Superior Court awarded the company more than $7M in a qui tam action filed by the insurer on its behalf and on behalf of the People of the State of California against a Long Beach chiropractor, Daniel H. Dahan, D.C., and his business, Progressive Diagnostic Imaging, arising out of a scheme to defraud insurance companies.
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November 19, 2015
17:31 EDTALLAllstate adopts proxy access bylaw amendments
Allstate announced that its board has adopted amendments to the company's bylaws providing "proxy access" shareholder rights. "Allstate's board is committed to strong corporate governance and creating value for our shareholders," said Thomas Wilson, chairman and CEO. "Our board proactively adopted proxy access as part of our ongoing commitment to governance best practices that include dialogue, transparency and responsiveness to shareholder views." The bylaw amendments will allow holders of at least 3 percent of Allstate's outstanding common shares, who have held the shares continuously for at least three years, to submit eligible director candidates for up to 20 percent of the board. Up to 20 shareholders may aggregate their shares to reach the 3 percent ownership threshold. Proxy access rights will first be available to shareholders in connection with Allstate's 2017 annual shareholders meeting.
08:19 EDTALLAllstate reports October catastrophe loss estimate of $172M pre-tax
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November 13, 2015
16:40 EDTALLAppaloosa gives quarterly update on stakes
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