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Allstate hit with $632m cat losses
The losses were for six events, plus unfavourable reserve re-estimates
Allstate profits down 57% on investments in Q1
But P&L underwriting income jumps 92% on fewer drivers in pandemic
Whisper it quietly... many UK motor insurers are offering Covid-19 refunds
US motor insurers have caught the headlines with multi-million-dollar rebates to customers. Their UK counterparts seem to be in the slow lane, but under the bonnet they are taking action, as Ronan McCaughey explains
NC Farm Bureau to pay 20% Covid-19 dividend to motor policyholders
US mutual insurer says decision provides $22m in savings for drivers
Insurance Ireland to examine Covid-19 driver refund scheme
The insurance body has been under pressure from Irish politicians to 'do the right thing' by customers
Geico becomes latest US insurer to offer 15% auto premium cut
The firm joins others in providing Covid-19 relief for auto insurance consumers
US motor insurers return $800m in premiums to customers hit by Covid-19
Allstate and American Family move comes as lobbyists pressure insurance industry
InsureTech Connect: What happens in Vegas?
Insurers piled into the Nevada desert last month to meet their technological future at the InsureTech Connect event. It all points to the inviolable certainty that insurtech is no longer just a buzzword. Sarfraz Thind reports
US set for flood of variable annuity exits
More capital and greater desire to sell VA blocks than ever before, says PwC
Three US insurers sue California utility over Camp wildfire
Pacific Gas & Electric (PG&E), the Californian utility, plans filing for bankruptcy