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Allstate Directors Smith, Farrell Step Down From Insurer’s Board

Allstate Corp., the largest publicly traded U.S. home and auto insurer, said Joshua Smith and James Farrell will step down from the company’s board of directors.

Smith, 71, is reaching the retirement age set by Allstate’s board policy, and Farrell, 70, will not seek re-election in May for personal reasons, the Northbrook, Illinois-based company said in a statement today distributed by PR Newswire.

To contact the reporter on this story: Elizabeth Bunn in New York at ebunn1@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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