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Allstate Corp., the largest publicly traded home and auto insurer, hired Alan Gellman from Wells Fargo & Co. to oversee marketing at its Esurance unit.

Allstate CEO Thomas J. Wilson says the insurer has boxed in auto insurance competitor Geico by using two brands to offer products using direct and agency channels.

Few policy provisions are as common, yet misunderstood, as the additional insured endorsement, which often appears in construction defect actions, where the insurer for the subcontractor agrees to provide coverage for claims against the general contractor.

Allstate Corp. second-quarter net income increased slightly to $434 million on lower catastrophe losses.

Allstate Corp. says catastrophe losses for the month of May cost the insurer $323 million pre-tax primarily from seven loss events.

Moodys Rating Services says Allstates plan to restructure $3 billion in debt is credit positive and will lower its cost of capital heading into hurricane season.

Moodys Rating Services says Allstates plan to restructure $3 billion in debt is credit positive and will lower its cost of capital heading into hurricane season.

Faced with attrition in its captive agencies, and a declining number of policies-in-force, Allstate Corp. is turning to a surprising distribution source to drive its brand: independent agents.