Allstate
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Nearly $148mn of the unfavorable reserve development was related to National General, primarily driven by personal auto injury coverages. -
Pricing, catastrophes and rising costs are headwinds for this quarter’s insurer results, but brokers should be buoyed by continued inflation.
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Inside P&C’s news team runs you through the key highlights of the week.
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An uneven loss environment in personal lines calls for a cautious reading of reserves.
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California Insurance Commissioner Ricardo Lara was speaking about climate change's impact on insurance pricing at the Bermuda Climate Summit.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The carrier said 70% of the claims stemmed from two wind and hail events.
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CPI figures show loss costs are cooling, and if rate levels cannot reach adequacy we are likely to see more pausing from the industry beyond State Farm, Allstate and Nationwide.
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The company reportedly recently applied for a rate increase of about 40% on California homeowners’ business.
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The loss for the month was 60% comprising losses from two wind and hail events.
