The Allstate Corp. this week announced estimated catastrophe losses for the month of March of $638 million pre-tax, and an estimated $827 million pre-tax for first quarter 2016, in the wake of severe hailstorms in the Southwestern and Southern U.S. …
New York’s Financial Services Superintendent Benjamin Lawsky has directed insurers that are licensed to write commercial property or liability business lines in the state to submit information on how they are responding to Congress’ failure so far to reauthorize the …
The Allstate Corp. announced organizational and leadership changes in its personal lines management, agency distribution, multiple-customer operations and technology that CEO Thomas J. Wilson says prepare the company to serve the next generation. “These changes will help us build the …
The Allstate Corp. reported that it expects to report a fourth-quarter 2013 settlement charge of $100 to $125 million, after-tax, related to the annual measurement of its pension obligations as of Dec. 31, 2013. Settlement charges are non-cash charges that …
New York Gov. Andrew Cuomo’s administration announced it has approved Esurance’s new telematics program designed to help prevent teens from texting while driving. This new voluntary program, called “DriveSafe,” allows Esurance policyholders to install a device, free of charge, in …
Allstate Corp. is among insurers retreating from the Long Island, New York, homeowners market after superstorm Sandy and should be compelled to offer coverage there, New York Senator Charles Schumer said. Liberty Mutual Holding Co. and Bloomington, Illinois-based State Farm …
American International Group Inc. announced that its preliminary estimate of the company’s after-tax losses related to Superstorm Sandy — net of reinsurance — will total approximately $1.3 billion.The estimate reflects a pre-tax loss estimate, net of reinsurance, totaling some $2.0 …
