The US primary insurer said that most of the losses were associated with nine events. The Allstate Corporation insurance company recently announced that its January 2023 pre-tax catastrophe losses were $307 million ($243 million after tax). The nine events that caused the majority of the January 2023 losses were mainly in Texas and California. According to a news release issued by the insurance company, part of the losses it experienced in January 2023 were offset by favorable reserve estimates for prior events. “Allstate continued to implement significant auto insurance rate…
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Allstate insurance company announces the sale of its Northbrook campus
The insurer announced that it had reached an agreement to sell the main portion of its campus in Illinois. The Allstate Corporation insurance company has announced that it has reached an agreement for the sale of the property comprising most of its Northbrook, Illinois campus. The insurer announced in October that a shift in its working trends led to its decision to sell. Near the end of October 2021, Allstate announced that it was selling its insurance company headquarters property in Northbrook, Illinois. Now, the insurer has announced that it…
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