Allstate Insurance Group News

Castle Key Nonrenewing 33,000 Policies as Florida Mulls Special Session on Condos

Allstate’s Florida subsidiaries are continuing to nonrenew thousands of condominium unit policies over the next several months, delivering another blow for beleaguered condo owners across the state. The Palm Beach Post reported that Castle Key Indemnity and Castle Key Insurance …

Castle Key Defends 53.5% Condo Rate Hike, Blames Reinsurance, Ian, Rapid Growth

When Allstate’s Florida unit, Castle Key Indemnity Co., entered the surging condominium insurance market in 2020, it looked like it had made a smart bet: Within two years, the carrier had added no fewer than 123,000 policies. Then came reinsurance …

AM Best Assigns Credit Ratings to ASMI Auto Group Members

AM Best assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to ASMI Auto Insurance Co., ECMI Auto Insurance Co. and ESMI Auto Insurance Co. The companies are collectively known as the …

Best Affirms Allstate Group and Subs ‘A+’ Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of the members of Allstate Insurance Group (Allstate). Best also affirmed the FSR of ‘A+’ (Superior) and ICRs of “aa-” …