Allstate
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The carrier has not added new business in the state since 2007. -
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.
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The activist investor’s position at the end of Q3 was valued around $116.3mn, SEC filings show.
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Insurers are fighting to recoup claims they have paid out.
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Fifteen events caused estimated losses of $306mn.
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The news team runs you through this week’s key M&A deals.
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Independent litigation threatened a $4bn settlement with wildfire victims.
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Total catastrophe losses stemmed from 20 events and were estimated at $587mn.
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NatGen allegedly collected $500mn associated with the fraud.
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A quick roundup of today’s need-to-know news, including the DoJ/NatGen lawsuit and RenRe's earnings call.
