Losses

Allstate Announces August 2024 Catastrophe Losses | Allstate Newsroom – Go Health Pro

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Allstate Announces August 2024 Catastrophe Losses | Allstate Newsroom – Go Health Pro

NORTHBROOK, Ill., September 19, 2024 – The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of August of $272 million or $215 million, after-tax, including favorable reserve reestimates for prior period events. Catastrophe losses for August include 15 events estimated at $306 million, with approximately $75 million related to a hail event in Calgary, Canada. The Calgary hail event estimate includes reinsurance reinstatement premiums and is net of … Read more

Direct cat bond losses still seen unlikely from Helene, but NFIP bonds monitored: Twelve Capital – Go Health Pro

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Direct cat bond losses still seen unlikely from Helene, but NFIP bonds monitored: Twelve Capital – Go Health Pro

Investment manager Twelve Capital has issued an updated event report related to hurricane Helene’s impacts, saying that it still believes direct losses to per-occurrence catastrophe bonds are unlikely, but also notes that it is closely monitoring the NFIP FloodSmart Re cat bonds that cover named storm induced flooding.Last week, after major hurricane Helene had made … Read more

New York Regulator Orders Taxi Insurer to Weigh Sale After Losses – Go Well being Professional

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New York Regulator Orders Taxi Insurer to Weigh Sale After Losses – Go Well being Professional

New York’s insurance coverage regulator issued a damning report laying out the severely flawed monetary situation of New York’s largest insurer of taxis and for-hire autos, in addition to dozens of potential monetary improprieties and accounting issues, warning that the results of failure could possibly be devastating for tens of hundreds of drivers within the … Read more

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