Hints and tips:
...Fitch downgraded Allstate’s holding-company credit to BBB+ from A- earlier this year, citing “sharp underwriting result deterioration”....
...Or, for another example, look at Allstate, the insurance group headquartered in Illinois. A few years ago, its executives realised that gerrymandering was undermining democracy in their state....
...The first Zantac case to come to trial will be in Illinois on August 22, followed by a February 2023 trial in California....
...Ecommerce site eBay, cleaning goods manufacturer Clorox, and insurance companies Allstate and MetLife report after Wall Street’s closing bell....
...But companies, which take out insurance to pay the claims, can contest them....
...Among the tidy farms of north-west Iowa, signs painted with prayers and anti-abortion slogans are interspersed with seed company ads....
...Indemnities from the crop insurance programme could be a record $17bn this year....
...Farm income has remained high despite last year’s devastating drought with support from $17bn in indemnities from taxpayer-subsidised crop insurance....
...Agricultural economists at the University of Illinois estimate the drought will trigger this year gross indemnities of roughly $30bn, with an underwriting loss of $18bn....
...A native of Michigan, 52-year-old Tom Wilson joined the Illinois-based Allstate in 1995 from Sears Roebuck....
...But he also has to run the operations AIG wants to keep – whose $40bn in sales outstrip the turnover of Allstate and many other rivals – in the hope of restoring the company’s fortunes as an independent,...
...Among the most high profile, Illinois Tool Works fell 3.2 per cent to $33.80. Black & Decker tumbled 20.9 per cent to $30.65....
...The city also hosts the headquarters of large insurance companies such as Aon State Farm and Allstate....
...Japan had first nationalised LTCB in 1998 – so its shareholders did suffer – yet it not only took on trillions of yen of LTCB’s bad debts but also gave indemnities to the buyer....
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