Allstate had a rough 2018, as a series of natural disasters, from the California wildfires to Hurricane Michael, resulted in significant losses. Profits were down more than 29%, with the western wildfires alone resulting in $679 million in pre-tax losses. Exposure to losses like these has led the company to become an advocate for addressing climate change. Allstate has waded into the discussion on privacy, spending $525 million to acquire InfoArmor, which provides employee identity protection to more than 1 million workers at over 1,400 firms. And it’s working with Uber in select states, insuring trips for drivers as soon as they turn on the app to wait for a trip request.
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This is your Data Sheet newsletter for Tuesday, January 8, 2019.
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