The Allstate Corporation today announced estimated catastrophe losses for the month of May of $1.40 billion or $1.10 billion, after-tax.
Tag: Allstate
Allstate Estimates $325M in Incurred January Catastrophe Losses
Allstate Corp. said it incurred an estimated $325 million in catastrophe losses in January, partially offset by favorable claims reserve reestimates.
Allstate Hikes Auto Insurance Prices by 30% in California
Allstate customers in the Golden State will have to pay more to insure their vehicles with the company.
Allstate Implementing Double-Digit Rate Hikes in California, New York and New Jersey
Allstate Corp. annualized written premiums should rise about $1 billion on strong double-digit auto rate increases approved by regulators in California, New York and New Jersey, according to Chief Financial Officer Jess Merten.
Allstate, Allianz Invest $265 Million in Next Insurance
Allstate and Allianz are making a sizable bet on the digital transformation of the commercial insurance market with a $265 million strategic investment in Next Insurance, an insuretech startup focused on the small business market.
Allstate Announces September and Q3 2023 Catastrophe Losses
The Allstate Corporation today announced estimated catastrophe losses for the month of September of $317 million or $250 million, after-tax.
Allstate Announces August 2023 Catastrophe Losses
Allstate today announced estimated catastrophe losses for the month of August of $551 million or $435 million, after-tax.
After State Farm’s and Allstate’s Exits, Farmers Insurance Sets Limits in California
In an email to The Standard, a Farmers spokesperson confirmed that the company had “paused” several insurance programs and was limiting the amount of new business it takes on.
Allstate Stops Accepting New Property Insurance Applications in California
Almost a week after State Farm, California’s largest property insurer, announced that the company would stop accepting insurance applications for all business and personal property in California, Allstate is making headlines for a similar decision.
Allstate Catastrophe Losses for January at $307M
Allstate today announced estimated catastrophe losses for the month of January of $307 million or $243 million, after-tax.