Does Blackstone own Allstate?
Does Blackstone own Allstate?
US primary insurance carrier, The Allstate Corporation, has completed the sale of Allstate Life Insurance Company (ALIC) and certain subsidiaries to entities managed by private equity investment giant, Blackstone. Nov 2, 2021
Did Allstate sell their life company?
Allstate Corporation has closed the sale of its life and annuity business – Allstate Life Insurance Company (ALIC) – as well as certain other subsidiaries to entities operated by investment management company Blackstone. The transaction was first announced earlier this year. Nov 2, 2021
Are Allstate employees laying off?
Oct. 5, 2020—The Allstate Corporation recently announced its plans to lay off approximately 3,800 employees as part of its “”Transformative Growth Plan.”” The Wall Street Journal reported that the layoffs are directly tied to the pandemic, which has resulted in fewer car accidents. Oct 5, 2020
What insurance company has the most complaints?
Geico customers were most likely to complain about claims (53.6%), while Chubb customers were the least (38.6%). Nationwide had the most favorable Complaint Index rating for auto insurance, while Chubb did best for home insurance. Nov 9, 2021
What is the Allstate Easy Pay Plan?
The Allstate Easy Pay Plan allows you to schedule automatic payment withdrawals directly from your bank account. You decide your payment date and can enjoy lower installment fees, plus a premium discount of up to 5%1 on certain policy types (where available).
