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Allstate’s liability is a small fraction of the total insurance claims from the California fires in January: They are expected to come from 16,600 properties and forecast to cost the industry ...
Allstate said the wildfires that blazed through Southern California last month will bring the insurance company a sizable loss. CEO Tom Wilson said in a statement Wednesday that the wildfire ...
News. Shopping. Main Menu ... markets in the world," a spokesperson for the California Department of Insurance said. ... the range of $1.6 billion to $2 billion while Allstate has forecast about ...
Roughly one-fifth of the homeowners’ insurance premiums the company collects in the US come from California, according to Moody’s. Meanwhile, Allstate fell 5.6%, Travelers sank 4.3%, and Chubb ...
Several insurance companies have stopped offering policies in California or are refusing to renew existing ones in an effort to reduce their financial risk, according to Fox 9 News. However ...
Allstate made a similar decision last year, and now, with the latest news from Liberty Mutual, insurance options for California residents are becoming increasingly thin.
For instance, in Northern California, 20% of homebuilders surveyed, at the time, said that buyers’ concerns over property insurance are somewhat slowing sales, and in Southern California, 29% of ...
Other insurers with over 5% market share in California in 2023 include Mercury Insurance (6.1%), Allstate (5.8%), Auto Club Insurance (5.8%) and USAA (5.4%). California Wildfires Could Cost ...