Allstate
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The executive said inflation isn’t completely gone but is now “more understood”. -
Cat losses in Q3 were light as peak hurricane season passes without incident.
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Activists from the left and the right are focusing on insurance, often on the same issues.
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The promotions are part of the carrier's strategy to increase property-liability market share.
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Cat losses in August were below historical trends, but we are not in the clear just yet.
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IBHS CEO Roy Wright says insurers need a comprehensive approach to resilience.
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Cat losses in July were below historical trends, but all eyes are on peak hurricane season.
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Full-stack carriers fail to outclass incumbents with no clear platform differentiation.
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The research team presents the June cat heatmap.
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The losses were below May’s $777mn, but almost 3x higher than for June 2024.
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Allstate attributed the bulk of its losses to three major wind and hail events.
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Major insurance industry groups and companies have recently pressed lawmakers to include the provision.
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Two wind and hail events were responsible for 60% of the total.
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Insurers haven’t announced concrete steps – yet.
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But automotive repair costs are likely to increase faster than home repair.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The carrier surpassed the retention on its annual aggregate reinsurance cover for the year to March 31.
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January cat losses continue to run higher than prior years, with no help from latest wildfires.
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The carrier estimated January cat losses of $1.08bn, or $849mn after-tax, including the fires.
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The investment firm’s holdings were down to $59mn at the end of Q4.
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The carrier has not added new business in the state since 2007.
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The carrier has been reducing its presence in the state since 2007.
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The move will expand Nationwide’s stop loss insurance sales to SMEs.
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The estimate includes $102mn from Milton and $114mn Helene development.
