Update: Allstate Estimates Catastrophe Losses of $1 Billion in June, $2.7 Billion in Q2 July 20, 2023 Allstate Corp. announced estimated catastrophe losses for the month of June of $1.01 billion, or $799 million, after-tax. June’s month...
Farmers Halts Homeowners Policies in Florida June 16, 2023 Farmers Insurance has confirmed it has halted sales of new homeowners policies in Florida just as the new hurricane season...
Allstate Announces May Catastrophe Losses, Auto Rate Hikes June 15, 2023 Allstate Corp. today released estimated catastrophe losses for the month of May of $885 million or $699 million, after-tax. There...
Allstate Posts Loss With ‘Exceptionally’ High Catastrophe Costs May 4, 2023 By Sally Bakewell Allstate Corp. posted a bigger first-quarter loss than analysts expected as higher premiums failed to offset rising auto costs and...
Allstate Estimates $1.7 Billion in Q1 Catastrophe Losses April 20, 2023 Allstate Corp. said pre-tax catastrophe losses for the first quarter are expected to be about $1.7 billion, with about $1.3...
Allstate: $307M in January Cat Losses and Keeps the Auto Rate Hikes Coming February 17, 2023 By Chad Hemenway Allstate Corp. said it estimated catastrophe losses for the month of January of $307 million, or $243 million after-tax from...
Global Insured Losses From Natural Disasters Topped $130B in 2022 in 5th Costliest Year January 26, 2023 Economic losses from natural disasters in 2022 were estimated at $313 billion, with an insurance price tag of approximately $132...
Climate Is Forcing the Most Risk-Aware Industry to Reinvent Itself January 25, 2023 By Akshat Rathi When it comes to climate impacts, the frontline of the finance industry is insurance. Last year’s payout from damages caused...
Allstate Readies Investors for Q4 Loss of Up to $335M January 19, 2023 By Chad Hemenway Allstate Corp. on Wednesday said it expects to end 2022 in the red with a net loss of between $285...
Travelers Estimates Drop in Q4 Income on Winter Storm Losses January 17, 2023 Travelers Companies today released an estimate of $459 million in pre-tax catastrophe losses during the fourth quarter, and expects to...