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February 6, 2013
16:23 EDTALLAllstate says Sandy loss estimate updated to $1.117B from $1.075B
Allstate said its Q4 property-liability underlying combined ratio was 86.7, versus 90.7 in Q4 of 2011, driven by improvements in auto and homeowners. The Q4 recorded combined ratio was 101.7 and included 10 catastrophe events estimated to cost $1.16B, offset by favorable reserve reestimates of prior catastrophe losses worth $103M, $80M of which were for pre-2012 catastrophe events. The loss estimate for Sandy was updated from an initial estimate of $1.075B to $1.117B. Of the increase, approximately $22M was due to higher losses not covered by our reinsurance programs, with the balance resulting from claim expenses not recoverable under the National Flood Insurance Program, additional reinsurance premiums and Fair Plan assessments.
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November 19, 2015
17:31 EDTALLAllstate adopts proxy access bylaw amendments
Allstate announced that its board has adopted amendments to the company's bylaws providing "proxy access" shareholder rights. "Allstate's board is committed to strong corporate governance and creating value for our shareholders," said Thomas Wilson, chairman and CEO. "Our board proactively adopted proxy access as part of our ongoing commitment to governance best practices that include dialogue, transparency and responsiveness to shareholder views." The bylaw amendments will allow holders of at least 3 percent of Allstate's outstanding common shares, who have held the shares continuously for at least three years, to submit eligible director candidates for up to 20 percent of the board. Up to 20 shareholders may aggregate their shares to reach the 3 percent ownership threshold. Proxy access rights will first be available to shareholders in connection with Allstate's 2017 annual shareholders meeting.
08:19 EDTALLAllstate reports October catastrophe loss estimate of $172M pre-tax
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November 13, 2015
16:40 EDTALLAppaloosa gives quarterly update on stakes
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