The foundation will operate as a separate entity, with its board of directors and officers responsible for overseeing charitable strategy, funding decisions, and investment management. It will consolidate much of the company’s existing charitable activity, previously managed through the Erie Giving Network.
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…
The problem, Merlin argued, isn’t the existence of affiliated service providers – it’s the lack of transparency and oversight. “Managing general agents, service companies, reinsurers all have a proper place, and they can be affiliated,” he said. “But that’s why the transactions have to be audited.” Source link
Earlier in the legislative session, lawmakers considered creating a formal risk pool for commercial fishermen, modeled after municipal programs. Insurance Commissioner Lori Wing-Heier said such a pool could be established but noted concerns about funding and eligibility. She said the industry’s current financial condition could limit its ability to sustain a risk pool and added…
