Government abstract: Snow soften flooding is an imminent menace within the U.S., however there are steps insurance coverage professionals can take to mitigate their shoppers’ threat, says Richard Coyle, U.S. industrial director at FloodFlash. Catastrophic flooding is a serious drawback within the US, the place it kills extra folks yearly than tornadoes, hurricanes or lightning … Read more
NORTHBROOK, Ailing., January 18, 2024 – The Allstate Company (NYSE: ALL) in the present day introduced fourth quarter estimated disaster losses, prior yr reserve reestimates and applied charges. Allstate’s estimated disaster losses have been beneath the $150 million reporting threshold for December 2023. Complete disaster losses for the fourth quarter have been $68 million, pre-tax. Unfavorable prior … Read more
It’s very early within the restoration course of and already the numbers are massive. Insured losses for the tragic collapse of the Francis Scott Key Bridge in Baltimore might be as a lot as $2 billion to $4 billion, in keeping with Morningstar. S&P World Scores estimates $3 billion, which might nonetheless make this tragedy … Read more
NORTHBROOK, Sick., February 15, 2024 – The Allstate Company (NYSE: ALL) right this moment introduced estimated disaster losses for the month of January of $276 million or $218 million, after-tax. Estimated January disaster losses of $325 million have been primarily pushed by two occasions that comprised roughly 80% of the losses, partially offset by favorable reserve reestimates for prior … Read more
NORTHBROOK, Unwell., March 21, 2024 – The Allstate Company (NYSE: ALL) immediately introduced that estimated disaster losses had been beneath the $150 million reporting threshold for February 2024. Price will increase for Allstate model auto insurance coverage resulted in a premium affect of 0.1% for the month of February and 1.5% year-to-date. Price will increase for … Read more
