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Allstate

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Allstate ponders appeal in $700,000 lawsuit over Brampton auto insurance allegations

July 30, 2019 by Greg Meckbach

Allstate officials are considering appealing last week’s Ontario court judgement that rejected the company’s $700,000 counter-suit against a former employee. “Our legal counsel is reviewing the decision and we will decide whether to appeal in the next few weeks,” Angie

News Earnings / RatingsInsuranceMarkets / Coverages

Q3 combined ratio improves 0.8 points at Allstate

November 7, 2017 by Canadian Underwriter

Despite the recent losses to the industry from multiple North Atlantic hurricanes, The Allstate Corp. has reported underwriting income is up more than 20%, from $355 million in the third quarter of 2016 to $429 million in the three months

News CatastrophesInsuranceMergers and AqcuisitionsReinsurance

Allstate estimates gross cat losses of US$576 for Hurricane Harvey

September 21, 2017 by Canadian Underwriter

The Allstate Corporation has estimated gross catastrophe losses, excluding homeowners flood, of US$576 pre-tax for Hurricane Harvey. The losses will be reduced by US$23 million in anticipated reinsurance recoveries, for a net estimated loss of US$553 million, Northbrook, Ill.-based Allstate

News CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

Allstate reports Property-Liability combined ratio of 97.2% in Q2 2017, a 3.6% improvement from 100.8% in Q2 2016

August 2, 2017 by Canadian Underwriter

The Allstate Corporation has reported a Property-Liability (P-L) combined ratio of 97.2% for the second quarter of 2017 ending June 30, a 3.6% improvement from 100.8% in Q2 2016. Northbrook, Ill.-based Allstate released its financial results for the quarter and

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Q1 claims and claims expense ratio improved 5.6 points for Allstate

May 10, 2017 by Canadian Underwriter

For the second year in a row, hail in Texas in March has cost The Allstate Corp. millions of dollars in claims and claims expenses. Northbrook, Ill.-based Allstate released May 2 its financial results for the first three months of

News CatastrophesEarnings / RatingsInsurance

Q3 combined ratio improves 2.1 points for Allstate

February 6, 2017 by Canadian Underwriter

The Allstate Corp. has released its financial results for 2016, reporting catastrophe losses of $2.572 billion for the calendar year, up 49.6% from $1.719 billion in 2015. All figures are in United States dollars. The combined ratio for Northbrook, Ill.-based