Allstate
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Total catastrophe losses stemmed from 20 events and were estimated at $587mn. -
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.
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The victims claim insurers shouldn’t get settlement cash before they’re made whole.
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A quick round-up of today’s need-to-know news, including Ryan Specialty, Marsh, Allstate.
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Allstate’s total pre-tax cat losses for H1 2024 were $2.85bn versus an estimated $4.39bn in H1 2023.
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Investor skepticism visible in stock prices and short interest data over first half of 2024.
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This takes pre-tax year-to-date cat losses to $2.62bn.
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MGAs outpaced the P&C industry for years, but growth has begun to stagnate.
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Changes in investment strategy and strong results show carriers can weather financial storms.
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This takes pre-tax cat losses for the calendar year to $1.23bn
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This follows February’s cat losses coming in below the $150mn reporting threshold.
Related
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January cat heatmap: California wildfires fuel rise in cat losses
February 21, 2025 -
Allstate estimates reinsurance recoveries of $1.4bn from CA wildfires
February 20, 2025 -
Activist hedge fund Trian halves remaining Allstate stake
February 19, 2025 -
Allstate has no plans to grow its homeowners business in California
February 06, 2025 -
Allstate expecting $1.1bn pre-tax loss from California wildfires
February 05, 2025