Allstate Corp. Reports Estimated Catastrophe Losses For January Of $276 Mln

RTTNews | vor 641 Tagen
Allstate Corp. Reports Estimated Catastrophe Losses For January Of $276 Mln

(RTTNews) - Insurer Allstate Corp. (ALL) announced Thursday estimated catastrophe losses for the month of January 2024 of $276 million or $218 million, after-tax.

Catastrophe losses in January are estimated at $325 million, primarily driven by two events that comprised approximately 80% of the losses, partially offset by favorable reserve reestimates for prior events.

Allstate said it continues to pursue rate increases as we execute the auto insurance profit improvement plan and keep pace with loss cost trends.

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Australian Market Extends Early Sharp Losses In Mid-market

Australian Market Extends Early Sharp Losses In Mid-market

The Australian stock market is extending its early sharp losses in mid-market trading on Tuesday, reversing the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near 8,500 level, with weakness across most sectors led by mining and technology stocks.
RTTNews | vor 1Std 33 Minuten
Asian Markets A Sea Of Red

Asian Markets A Sea Of Red

Asian stock markets are a sea of red on Tuesday, following the broadly negative cues from Wall Street overnight, amid ongoing concerns about the market valuation, especially among technology shares, and the diminishing prospects of an interest rate cut by the US Fed next month. The US dollar also strengthened against major currencies in the region. Asian markets closed mixed on Monday.
RTTNews | vor 1Std 58 Minuten
Thai Shares May Head South Again On Tuesday

Thai Shares May Head South Again On Tuesday

The Thai stock market has finished higher in two of three trading days since the end of the two-day slide in which it had given up more than 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,280-point plateau although it may hand back those gains on Tuesday.
RTTNews | vor 3Std 10 Minuten