Device Insurer Bought by Allstate for $1.4 Billion Lost Money Last 5 Years

 – Allstate Corp. said that the mobile-device insurer that it acquired for $1.4 billion had posted five years of losses before the deal. SquareTrade Holding Co.’s annual loss narrowed to $26.5 million in 2015 from $37.4 million in 2014, Northbrook, …

from News – Insurance Journal