Allstate
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Insurers haven’t announced concrete steps – yet. -
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.
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The activist investor’s position at the end of Q3 was valued around $116.3mn, SEC filings show.
Related
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Allstate pegs August cat losses at $215mn post-tax
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