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Stock Market & Financial Investment News

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February 20, 2014
09:02 EDTALLAllstate reports January pre-tax catastrophe loss estimate $277M
Allstate announced estimated catastrophe losses for the month of January of $277M, pre-tax, or $180M after-tax. Catastrophe losses occurring in January comprised six events at an estimated cost of $271M, pre-tax, plus unfavorable reserve reestimates of prior reported catastrophe losses. One of the events met the definition of a winter freeze catastrophe in one region of the country but not in other regions due to the amount of claim counts. Non-catastrophe losses in these other regions were $39M pre-tax, which will be reflected primarily in the homeowners combined ratio and the homeowners underlying combined ratio that excludes catastrophe losses and prior year reserve reestimates.
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February 23, 2015
10:03 EDTALLAllstate's Esurance expands into Canada
Esurance, an Allstate company, announced that it has expanded internationally into Canada. Consumers in the province of Alberta are the first to have access to Esurance in Canada.
February 19, 2015
12:10 EDTALLAllstate says monitoring impact of low oil prices on certain investments
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