Allstate Reports Losses: What Does This Mean for the Market?

Allstate reports losses

In a recent financial disclosure, The Allstate Corporation (NYSE: ALL) has reported significant catastrophe losses for January, posing new questions about the impacts on the broader insurance market. Key Financial Impacts Allstate’s estimated catastrophe losses have tallied up to $276 million pre-tax, or $218 million after-tax, for the month of January alone—a substantial hit to the corporation’s financials. Predominantly, these losses stem from two major events, accounting for the lion’s share—around 80%—of the total figure, although these have been slightly mitigated by favorable re-estimates of prior events’ reserves. Rate Adjustments…

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4 Ways Higher Education Helps Run A Business Successfully

Upon the turn of the 20th century, society as we know it changed forever. With the industrial revolution having sown the roots of modern society, we saw significant transport, business, and education breakthroughs. Communities began to develop faster in the last two centuries than ever before. With the increasing need for labor, businesses flourished, and the free market came into existence. With this diversity in the industry came the freedom of choice in several avenues. One area of society that benefitted incredibly from the industrial revolution was the education sector. …

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Why it Pays to Insure Your Gold Assets

Gold Assets

From tangible cash to properties, valuable assets must be insured against disasters and catastrophes. As with any other valuable property, it is no surprise that people also insure their gold assets. Adhil Shetty of Yahoo! Finance writes that various insurance plans offer peace of mind when it comes to securing the metal, with plans covering theft and even accidental loss. Coverage increases in scope according to the plan that you pay for, with Shetty reminding gold owners that it is important to hold on to all relevant documents should the…

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