Allstate to sell its employer voluntary benefits business to StanCorp for $2 billion

- Insurer Allstate has agreed to sell its employer voluntary benefits business to StanCorp Financial Group in a $2 billion cash deal, the company said in a regulatory filing on Tuesday.

Value of company run by one of the world's richest people slides after new allegations by a New York short-sellerWASHINGTON — The U.S. Department of Homeland Security says people seeking asylum at the northern border with Canada will have less time to consult a lawyer before making their case.NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES ORDISSEMINATION IN UNITED STATES CALGARY, Alberta, Aug.

July will deliver another month of muted inflation, enabling the Federal Reserve to lower interest rates next month, most economists say. The Bureau of Labor Statistics will release the latest measure of the Consumer Price Index at 8:30 a.m. Eastern time on Wednesday. While Wednesday’s CPI will carry weight in the rate cut debate, many economists believe that the Fed will cut in September and now the only question remaining is the number of cuts this year.

Tropical Storm Ernesto to bring flooding, rainfall and gusty winds to Puerto Rico and Virgin Islands; Bermuda on alert for impactSACRAMENTO, Calif. — California and South Carolina could become the next states to limit cellphone use in schools, with state officials taking up the issue Tuesday.CALGARY, Alberta, Aug. 13, 2024 -- PHX Energy Services Corp.

First Quarter Results In-Line with Previously Announced Outlook Completed Plate Mill Upgrade, Ramping Production Towards Expected Annual Run Rate Capacity of Over 650,000 NT Continued to Significantly De-risk Transformative Electric Arc Furnace Project as Construction Continues on Schedule Announces Intention to Relaunch Normal Course Issuer Bid SAULT STE. MARIE, Ontario, Aug. 13, 2024 -- Algoma Steel Group Inc.

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Allstate reports second quarter profit on stronger premiums, investment incomeInsurers usually escape an erratic product demand that other financial companies face due to changes in the economic landscape, mainly due to the widespread ...
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Insurer Travelers reports jump in quarterly profit on investment gains, underwriting strengthTravelers’ core income rose to $585-million, or $2.51 per share, for the three months ended June 30, compared with $15-million, or $0.06 per share, a year earlier.
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