Allstate Posts Loss, Trimming 1,000 Jobs

(Reuters) - Allstate Corp., the largest publicly traded U.S. home insurer, said on Wednesday it had a net loss of $1.1 billion in the fourth quarter, hurt by heavy investment losses. The company also said it expects to cut about 1,000 jobs. The company also posted a net loss for all of 2008, ...

Copyright CRAIN - Crain's
Contact Us