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 ...

Allstate Insurance says it will pay out $1.1 billion in claims caused by the wildfires that swept through Southern California in January. While the expected payout is significant, Allstate said ...

citing financial risk due to wildfires, and last spring it asked for a significant rate hike. In April, Allstate said it was working with the California Department of Insurance to expand its ...

Helen, a 91-year-old Altadena resident, was one of the many affected by the disaster. Her home was spared, but not her ...

Allstate ALL0.36%increase; green up pointing triangle said it expects to record a $1.1 billion loss from the wildfires in Southern California in January. The insurer said Wednesday it has been ...

Heavy losses related to the California wildfires lowered profitability for Allstate in the first quarter, but industry tailwinds kept the company in the black. Why it matters: Allstate's net ...

The results mirror those of peers W R Berkley and Chubb, which also reported a drop in first-quarter profit last week as industry-wide catastrophe losses offset operational gains. California suffered ...

The California wildfires will be an offset this year, but we think the near-term picture is very bright. Longer term, growth is an issue. Allstate's captive agent model is out of fashion ...

State Farm will raise California insurance rates by up to 38% from 1 June, prompting backlash over affordability and lack of transparency. A review is due in October.