Tag: high-risk insurance areas

How Allstate is Navigating a Year of Extreme Weather

Angela Linders
Allstate Insurance Stocks

Allstate’s Catastrophe Losses Highlight Industry Struggles – May’s Stormy Toll Allstate Corp. recently reported $777 million in pretax catastrophe losses for May 2025. What caused the damage? Three massive wind and hail events, accounting for a staggering 70% of the month’s total losses. That’s just three storms out of 11 disastrous events. Combine April and May, and the losses balloon to $1.37 billion. For context, the January–February period wasn’t much easier. Allstate recorded $1.17 billion in pretax catastrophe losses, driven by wildfires in Southern California. Strong winds. Dry landscapes. It’s a…

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The New Risks of Insurance in 2025, and How Allstate is Adapting

Logan B.
Allstate Insurance Stocks

Allstate (NYSE: ALL) Shines Amid Rising Risks and Industry Shifts in Q1 2025 Shifting back to Allstate’s case, this corporation seems to be progressing well onto 2025, as their finances also demonstrate the enduring consequences and the multifaceted grooves still requires reflection to perceive, aka, a landscape that is nothing like easy. The first quarter results, reported yesterday, showcase Allstate’s significant growth in revenues, however this alone is not soothing the multifarious complexities that need to be addressed by insures like, fences of increasing disaster losses, regulation changes and overhauls,…

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California Insurance Companies Pull Out, But This Rule Could Bring Them Back

Live Insurance News
California Insurance

California’s New Rules to Tackle Home Insurance Crisis with Reinsurance Costs California has unveiled a new regulation allowing home insurers to charge higher premiums to cover reinsurance costs. This decision, led by Insurance Commissioner Ricardo Lara, marks the latest step by the state to address its home insurance crisis, as insurers withdraw from high-risk wildfire areas. Here’s what you need to know about the changes and how they could reshape the state’s insurance market. What the New Reinsurance Regulation Means For the first time in California, insurers can factor reinsurance…

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