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 ...

Allstate ALL1.50%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 ...

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 ...

In recent years, Allstate has stopped taking on ... near impossible conditions in which to fight fire.” Forest management in California—including a misplaced focus on fire suppression for ...

citing the escalating costs of wildfires and regulations that have capped rate hikes for decades. Allstate, which stopped issuing new homeowner policies in California last year, pointed to these ...