Allstate
-
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.
-
Activists from the left and the right are focusing on insurance, often on the same issues.
-
The promotions are part of the carrier's strategy to increase property-liability market share.
-
Cat losses in August were below historical trends, but we are not in the clear just yet.
-
IBHS CEO Roy Wright says insurers need a comprehensive approach to resilience.
-
Cat losses in July were below historical trends, but all eyes are on peak hurricane season.
-
Full-stack carriers fail to outclass incumbents with no clear platform differentiation.
-
The research team presents the June cat heatmap.
-
The losses were below May’s $777mn, but almost 3x higher than for June 2024.
-
Allstate attributed the bulk of its losses to three major wind and hail events.
-
Major insurance industry groups and companies have recently pressed lawmakers to include the provision.
-
Two wind and hail events were responsible for 60% of the total.
-
Insurers haven’t announced concrete steps – yet.
-
But automotive repair costs are likely to increase faster than home repair.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
The carrier surpassed the retention on its annual aggregate reinsurance cover for the year to March 31.
-
January cat losses continue to run higher than prior years, with no help from latest wildfires.
-
The carrier estimated January cat losses of $1.08bn, or $849mn after-tax, including the fires.
-
The investment firm’s holdings were down to $59mn at the end of Q4.
-
The carrier has not added new business in the state since 2007.
-
The carrier has been reducing its presence in the state since 2007.
-
The move will expand Nationwide’s stop loss insurance sales to SMEs.
-
The estimate includes $102mn from Milton and $114mn Helene development.
-
The activist investor’s position at the end of Q3 was valued around $116.3mn, SEC filings show.
-
Insurers are fighting to recoup claims they have paid out.
-
Fifteen events caused estimated losses of $306mn.
-
The news team runs you through this week’s key M&A deals.
-
Independent litigation threatened a $4bn settlement with wildfire victims.
-
Total catastrophe losses stemmed from 20 events and were estimated at $587mn.
-
NatGen allegedly collected $500mn associated with the fraud.
-
A quick roundup of today’s need-to-know news, including the DoJ/NatGen lawsuit and RenRe's earnings call.
-
The victims claim insurers shouldn’t get settlement cash before they’re made whole.
-
A quick round-up of today’s need-to-know news, including Ryan Specialty, Marsh, Allstate.
-
Allstate’s total pre-tax cat losses for H1 2024 were $2.85bn versus an estimated $4.39bn in H1 2023.
-
Investor skepticism visible in stock prices and short interest data over first half of 2024.
