Catastrophe Losses
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Catastrophe losses keep rising. Here's how insurers are trying to mitigate risk
CNBC Television· 2025-12-16 12:34
When hurricane wind gusts hit 110 m an hour, a 2x4 can become a spear and standard plywood can't withstand that force. But increase the thickness of the wood by half an inch and watch. Helpful to know if you're boarding up windows ahead of a storm.Convective storms that produce fierce wind, tornadoes, and hail have become increasingly costly in the US. Building materials matter. FM employs 2,000 engineers who work with their commercial industrial insurance clients.At FM's Rhode Island research campus, engin ...
Allstate CEO to Present at Goldman Sachs 2025 U.S. Financial Services Conference
Businesswire· 2025-11-21 16:25
Core Points - Allstate Corporation's CEO, Tom Wilson, will present at the Goldman Sachs U.S. Financial Services Conference on December 10, 2025 [1] - A webcast of the presentation will be available on Allstate's investor relations website [1] Company Overview - The Allstate Corporation provides protection against uncertainties in life, offering affordable and connected protection for autos, homes, electronic devices, and identities [3] - The company has over 209 million policies in force and is recognized for its slogan "You're in Good Hands with Allstate" [3] Financial Information - Allstate's board of directors approved a quarterly common stock dividend of $1.00, payable on January 2, 2026, to stockholders of record as of December 1, 2025 [6] - Estimated catastrophe losses for October 2025 were reported at $83 million, or $65 million after-tax, due to five wind and hail events [7]