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Allstate Agrees to Settle With Shareholders for $90 Million

Allstate Agrees to Settle With Shareholders for $90 Million

To settle a years-long securities class action lawsuit against it, Allstate Corp. has agreed to set up a $90 million fund for shareholders who accused the insurer of false and misleading statements regarding its auto insurance business. According...

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Farmers Insurance Laying Off 11% of Workforce, Citing Industry Challenges

Farmers Insurance Laying Off 11% of Workforce, Citing Industry Challenges

Farmers Insurance announced it will part ways with approximately 2,400 employees – 11% of its workforce across all lines of business. “Decisions like these are never easy, and we are committed to doing our best to support those impacted by...

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