Car Insurance

Allstate Announces March and First Quarter 2023 Catastrophic Losses, Applicable Auto Rates and Prior Year Reserve Reevaluations

NORTHBROOK, Ill., April 20, 2023 – Allstate Corporation (NYSE: ALL) today announced an estimated catastrophe loss for the month of March of $1.17 billion, or $927 million, after tax. Catastrophe losses for March were estimated at $1.26 billion, related to 10 events, with approximately 75% of losses related to three …

Read More »

A Note About Silicon Valley Bank

On Friday, March 10, 2023, Second largest banking collapse in United States history occurred. Silicon Valley Bank (SVB), a stalwart of the startup community, was shut down by California regulators, with the Federal Deposit Insurance Corporation (FDIC) stepping in as the bank’s receiver. While it appears that the FDIC $250,000 …

Read More »

Monarch E&S swoops in for the Virginia MGA

Monarch E&S swoops in for Virginia MGA | insurance business usa Mergers & Acquisitions Monarch E&S swoops in for the Virginia MGA The acquisition supports plans to expand the company’s footprint Mergers & Acquisitions by Ryan Smith Monarch E&S Insurance Services, a division of Specialty Programs Group, which operates as …

Read More »