Allstate Corp (ALL): * ALLSTATE ANNOUNCES AUGUST 2021 CATASTROPHE LOSSES. * Allstate Corp (ALL) - ESTIMATED CATASTROPHE LOSSES FOR MONTH OF AUGUST OF $876 MILLION OR $692 MILLION, AFTER-TAX. * Allstate Corp (ALL) - HURRICANE IDA RESULTED IN GROSS LOSSES OF ABOUT $1.4 BILLION Source text for Eikon: Further company coverage:
- Insurers are bracing for a hit of about $1 billion from physical damage to offshore rigs and structures from Hurricane Ida, according to preliminary estimates from U.S. property data and analytics company CoreLogic. The estimate did not include losses from production disruption and could be revised over time, a spokesperson for CoreLogic said.
Insurers are bracing for a hit of about $1 billion from physical damage to offshore rigs and structures from Hurricane Ida, according to preliminary estimates from U.S. property data and analytics company CoreLogic. The estimate did not include losses from production disruption and could be revised over time, a spokesperson for CoreLogic said.
Insurers are bracing for $15 billion to $30 billion in claims from Hurricane Ida, but the figure could jump higher, in part because of pandemic pricing that has pushed up the cost of lumber and labor to rebuild, insurance experts said on Monday.
Insurers are bracing for $15 billion to $30 billion in claims from Hurricane Ida, but the figure could jump higher, in part because of pandemic pricing that has pushed up the cost of lumber and labor to rebuild, insurance experts said on Monday.
Liability insurers on both sides of the Atlantic are scaling back the cover they offer companies ahead of an expected wave of discrimination claims as employers call staff back to their desks after 18 months of pandemic-induced home working.
* Mandatory vaccination seen as area of contention. * Jab issues account for less than 5% of US COVID legal claims so far. * Insurers shift more risk to employers. * Premiums up by as much as 75% in last 18 months -brokers. * By Carolyn Cohn, Noor Zainab Hussain and Kirstin Ridley.
-MetLife Inc (MET) said on Thursday the COVID-19 pandemic had a reduced effect on its second-quarter results, echoing remarks by Prudential Financial Inc and lifting the outlook for the U.S. insurance sector.
Brazil's real erased early gains on
Wednesday in anticipation of a 100 basis-point interest rate
hike, while other Latin American currencies made small moves as
investors digested weak U.S. job ...
Rising prices of insurance against cyber attacks fail to account for the potential catastrophic effects of a widespread attack, Chubb Ltd. Chief Executive Evan Greenberg said on Wednesday. "The pricing environment is pretty good," Greenberg said on a conference call.
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