Reinsurance News
Allstate
Allstate’s Harvey estimate suggests $4.5bn auto & homeowners loss: Credit Suisse
25th September 2017
Following insurer Allstate's announced estimated net $553 million hit from the impacts of hurricane Harvey, Credit Suisse analysts have suggested that the personal lines industry loss could reach $4.5 billion. The combined auto and homeowners' insurance industry loss from hurricane Harvey, based on Allstate's estimates, "implies" a personal lines loss ... Read the full article
Allstate reveals $576m Hurricane Harvey loss
21st September 2017
Allstate has reported estimated gross catastrophe losses, excluding homeowners flood, for hurricane Harvey of pretax $576 million, $23 million of which is expected to be recovered from reinsurance agreements. About 55% of the firm's Harvey losses are related to auto cover. $53 million of losses and expenses are expected from commercial insurance, ... Read the full article
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