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Stock Market & Financial Investment News

News Breaks
April 21, 2014
10:03 EDTALLAllstate announces favorable $3.8M fraud judgement
Allstate announced that based on a six-week jury trial, the United States District Court for the Northern District of Texas has entered a $3.8M judgment in favor of Allstate Insurance Company. The jury found that Michael Kent Plambeck, D.C., Jennifer Giessner, Douglas Friedman, Randal Toca, and other persons and entities engaged in a pattern of racketeering activity in violation of the Federal Racketeering Influenced and Corrupt Organizations Act and the Ohio Corrupt Practices Act, the company said.
News For ALL From The Last 14 Days
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October 16, 2014
11:50 EDTALLAllstate September catastrophe losses higher than expected, says Wells Fargo
Wells Fargo attributes today's move lower in Allstate to its report of September catastrophe losses that came in higher than expected. The firm lowered its Q3 EPS estimate to $1.23 from $1.56 based on the losses, but maintains its Outperform rating on the stock, calling it one of the firm's top-picks among non-life insurers.
09:06 EDTALLAllstate reports Q3 catastrophe losses of $517M
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09:04 EDTALLAllstate reports September catastrophe loss estimate $250M
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October 10, 2014
16:37 EDTALLAllstate files to sell $25M of market value adjusted annuity contracts

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