Allstate, California

$1.1 Billion Loss For Allstate Amidst California Fires
Just months before the Southern California wildfires, many insurance companies, including Allstate, backed out of the California Market. While many individuals are upset with insurance companies for backing out,
Allstate says California wildfires to bring company $1.1 billion in losses
Allstate said the wildfires blazed through Southern California last month will bring the insurance company a sizable loss – $1.1 billion.
Allstate expecting a $1.1bn pre-tax loss from California wildfires
Allstate is anticipating its losses from the recent California wildfires to be about $1.1bn, pre-tax, net of reinsurance, the company disclosed in its Q4 2024 earnings report. The net figure reflects a “decision to reduce market share beginning in 2007 and a comprehensive reinsurance program,” president and CEO Tom Wilkins said in the statement.
Allstate Expects California Wildfires to Cost $1.1 Billion
In the fourth quarter, catastrophe losses took $315 million out of Allstate’s homeowners insurance business, up from $21 million the year before.
Allstate expects $1.1 billion loss from California fires
Allstate insurance said it expects a $1.1 billion loss from claims caused by the wildfires that swept through Southern California in January
California wildfires will cost insurers billions
The economic toll from the California wildfires is just starting to become clear. Allstate is the latest insurer out with numbers. The insurance company says it will pay out $1.1 billion in insured claims.
California Wildfires: Soaring Insurance Claims Hit $45B
The recent California wildfires have left an unprecedented financial toll on the insurance industry, with projections of $35 to $45 billion in payouts. Allstate alone anticipates $1.1 billion in claims.
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Allstate expects $900m in reinsurance recoveries from LA wildfires
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Allstate expects a $1.1 billion hit from the LA wildfires, but it could have been worse
Allstate Corp. said it expects about $1.1 billion of losses from the wildfires that ravaged swaths of Los Angeles last month.
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Allstate’s $2bn wildfire bill cut by $900mn in reinsurance recoveries
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Allstate expects $1.1 billion in losses from Los Angeles fires
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Allstate expects $1.1bn, pre-tax, net of reinsurance loss from CA wildfires
US insurer Allstate expects its losses from the recent Los Angeles, California wildfires will be around $1.1 billion, pre-tax and net of reinsurance, ...
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Insurer Allstate's quarterly profit beats on underwriting strength, investment gains
Property and casualty insurer Allstate's fourth-quarter profit beat Wall Street expectations on Wednesday, helped by strong ...