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Allstate navigates wildfire losses in Q1 as auto growth continues
Allstate’s other segments in Q1 Meanwhile, Allstate’s property-liability segment reported earned premiums of $14 billion in Q1 2025, an 8.7% increase year over year. Premiums written rose 8.5% over the same period. The combined ratio for the segment was 97.4, which was 4.4 points higher than the first quarter of 2024, primarily due to increased…

Drowsy driving increase likelihood of accidents, Erie says
However, the Erie survey found that many Americans fall short of this guideline. Over half (54%) of respondents reported getting fewer than seven hours of sleep, with about 11% getting four or fewer hours. This lack of sleep can lead to impaired thinking, reduced alertness, and heightened drowsiness, all of which contribute to a greater…

Kroll report warns of rising crime risks
David Lewis, managing director at Kroll, said that financial institutions must keep pace with evolving threats, as illicit actors continuously adapt. Brent Tomlinson, co-president of risk advisory at Kroll, adds that professionals in the sector face increasing uncertainty, requiring strategic decision-making. Source link

California approves bill to launch climate insurance innovation program
The legislation seeks to respond to growing concerns over the affordability and availability of insurance for natural disasters, such as wildfires and floods. According to the bill, fire insurance is becoming more costly and difficult to obtain in California, while flood coverage remains uncommon and insurance for extreme-heat events is rare. Source link