US insurers face billions in losses from Los Angeles wildfires
Major insurers face billions of dollars in losses from the Los Angeles wildfires, they said this week, despite dropping clients in California before the catastrophe. AIG and Allstate and are among the national insurers that warned of losses even after they cut their exposure to the state in recent years.
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$1.1 Billion Loss For Allstate Amidst California FiresJust months before the Southern California wildfires, many insurance companies, including Allstate, backed out of the ...
Allstate Corp. said it expects about $1.1 billion of losses from the wildfires that ravaged swaths of Los Angeles last month.
U.S. primary insurer Allstate has estimated that its gross losses from the Los Angeles, California wildfires will be $2 ...
In the fourth quarter, catastrophe losses took $315 million out of Allstate’s homeowners insurance business, up from $21 ...
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Allstate Is Demanding That We Delete These Quotes by Its Exec About Using How It's Using AI to Write Insurance EmailsThere's a good chance the email you just received from your insurance company was drafted by an AI — and the optics of such ...
Allstate’s 2024-25 nationwide excess catastrophe reinsurance provides coverage for events of up to $7.9bn of loss, less ...
Allstate is discovering soul-less generative AI models, made up of entirely data and code, are more empathetic than a lot of its human representatives. We recently published a list of 12 Best ...
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