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

RTTNews | 453天前
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.

read more
New Zealand Card Retail Sales Data Due On Wednesday

New Zealand Card Retail Sales Data Due On Wednesday

New Zealand will on Tuesday release April figures for electronic card retail sales, highlighting a modest day for Asia-Pacific economic activity. In March, sales sank 0.8 percent on quarter and 1.6 percent on year.
RTTNews | 8分鐘前
U.S. Small Business Optimism Erodes Further On High Uncertainty - NFIB

U.S. Small Business Optimism Erodes Further On High Uncertainty - NFIB

Confidence among the U.S. small businesses fell for the fourth straight month in April as firms turned more cautious in the face of significant uncertainty caused by the Trump administration's trade tariff policy, survey data from the National Federation of Independent Business showed on Tuesday.
RTTNews | 2小時16分鐘前
U.S. Dollar Weakens As Inflation Slows

U.S. Dollar Weakens As Inflation Slows

The U.S. dollar came under pressure on Tuesday, as inflation slowed more than expected in April, raising hopes of further easing by the Federal Reserve.
RTTNews | 3小時37分鐘前
TSX Extending Recent Gains, Up Nearly 0.5%

TSX Extending Recent Gains, Up Nearly 0.5%

The Canadian market is up in positive territory on Tuesday, extending recent gains, amid easing tensions about tariffs following the two largest economies of the world, China and the U.S. agreeing on a trade deal, and data showing a less than expected increase in U.S. consumer price inflation in the month of April.
RTTNews | 4小時22分鐘前