Allstate catastrophe losses for February 2021 announced

March 22, 2021March 19, 2021 Nordstrom

Allstate catastrophe losses - ice on house

The insurance giant has published its estimates for last month, reaching $577 million, pre-tax. The Allstate catastrophe losses for February 2021 have been released, estimating that they reached about $577 million, pre-tax, or $456 million, after-tax. There were two primary events that contributed to the insurer’s totals for last month. The two events creating the majority of the Allstate catastrophe losses in February reached $590 million, pre-tax ($466 million, after-tax). That said, those figures were also partially offset by prior period reserve re-estimates that were favorable. Of the two events…

Unpaid insurance claims leave Puerto Rico with a massive $1.6 billion disaster bill

February 11, 2020February 10, 2020 H. Cutner

The U.S. territory is wrapped in accusations of fraud and lawsuits against home insurers. Cities and homeowners alike are facing widespread unpaid insurance claims following several disasters to strike Puerto Rico. Some claim they’re receiving unfair low payments while others have watched insurers shut down. Fraud accusations and lawsuits are taking flight in every direction as many face unpaid insurance claims following the earthquakes, hurricanes and other disasters. Puerto Rico has been struggling with one catastrophe after the next. The island has been struck by hundreds of earthquakes over a…

Thousands of tornado insurance claims filed after Ohio devastation

June 5, 2019June 3, 2019 Nordstrom

Tornado Insurance Claims - Disaster left after Tornado

Local insurers and agents have been assisting policyholders with damaged homes, vehicles and businesses. Policyholders in Ohio are encouraged to begin filing their tornado insurance claims following the storms last week. The twisters hit on Monday night and damaged homes, cars and businesses. Insurance companies are expecting thousands of claims and agents are bracing to assist them all. Insurers such as Allstate, State Farm, and Farmers have been fielding ceaseless client calls. “When the devastation is this much, it’s like nothing any of us in our area has really seen,”…

Top Christmas homeowners insurance claims identified as a caution to consumers

December 24, 2018December 21, 2018 H. Cutner

Christmas homeowners insurance claims - House decorated for christmas

Policyholders are advised to learn from the mistakes of others so they won’t be repeated. Insurers are releasing their lists of top Christmas homeowners insurance claims from previous years. This is meant to be useful information for policyholders who want to make sure they have a claim-free Christmas this year. The combination of decorations, cooking and drinking can all pose a range of preventable risks. Insurance companies are hopeful that by educating consumers about the risks, it will help them to make better choices and prevent disaster. In this way,…

Top tips to avoid winter holiday season home insurance claims

December 6, 2018December 4, 2018 Julie Campbell

Winter holiday season - Christmas tree and Christmas decorations

This season is filled to the brim with festivities, but these celebrations also come with certain risks. The winter holiday season is already well underway. Friends and family gather together for parties, meals and other celebrations. All this extra food, cooking and people can pose some potential risks at home that could lead to homeowners insurance claims unless you take the right precautions. Understanding the risks is the first step to making sure you’ll take the right steps to prevent hazards. Understanding the risks associated with the winter holiday season…

Halloween insurance claims always rise, often more than any other day

October 30, 2018October 28, 2018 Julie Campbell

Halloween insurance claims - Jack-O-Lantern

As much as trick-or-treating may be fun, it can also lead to some of the costliest claims to insurers. Insurers are gearing up for another holiday of Halloween insurance claims, as is the case every year. As fun as this day may be for kids of all ages, homeowners and car owners often face some of their worst outcomes. Data shows that home and auto theft and vandalism claims are consistently high on Halloween. Therefore, insurers always encourage homeowners and car owners to review their policies before Halloween insurance claims…

Wilkes-Barre tornado victims get helpful tips and advice from Allstate

June 19, 2018June 18, 2018 Nordstrom

The insurer reached out to residents of the township to offer them safety and coverage tips. Allstate issued some important advice to those affected by the Wilkes-Barre tornado last week. It reminded customers that their safety should come before anything else when returning home. Homeowners may be keen to assess possible damage, but Allstate reminds them to be cautious. The Wilkes-Barre tornado caused notable damage to the township. That said, the Allstate report reminds customers that when they return home, the damage may create unexpected dangers. Therefore, homeowners should first…

Tag: home insurance claims