INSIDER
Insurers hike rates as extreme storms like Beryl proliferate, bringing forecasts for fatter profits
Read full article: Insurers hike rates as extreme storms like Beryl proliferate, bringing forecasts for fatter profitsDestructive storms like Hurricane Beryl that knocked out power to 3 million homes and businesses in Texas are growing more frequent and intense, and insurers are jacking up rates in response.
Allstate claims it shouldn’t be liable in lawsuit filed against dog owners involved in deadly attack
Read full article: Allstate claims it shouldn’t be liable in lawsuit filed against dog owners involved in deadly attackAllstate insurance company has filed a lawsuit against the dog owners involved in a deadly attack in February, asking a judge to release the company from any obligations to pay the victim’s family in the case.
Allstate, State Farm halt new home insurance policies in California
Read full article: Allstate, State Farm halt new home insurance policies in CaliforniaAllstate and State Farm both announced in the last week that they would be halting insurance policies citing inflation and natural disasters in the state.
Pre-election economy: Unemployment falls, but hiring slows
Read full article: Pre-election economy: Unemployment falls, but hiring slowsUnemployment fell from 8.4% in August, but that mainly reflected a decline in the number of people seeking work, rather than a surge in hiring. The U.S. gained nearly 7 million jobs from Trump's 2017 inauguration until the pandemic struck. Yet President Barack Obama was re-elected in 2012 even with unemployment at 7.8% on the eve of the election. In August, the latest data available, unemployment was 10.3% in Pennsylvania and 8.7% in Michigan, both above the national rate that month. The unemployment rate for Black workers fell sharply last month but is still much higher than it is for whites.
Military families gifted refurbished vehicles
Read full article: Military families gifted refurbished vehiclesSAN ANTONIO – Three needy military families were presented with a free refurbished vehicle Friday. Gunn Collision, USAA and Allstate teamed up for the project. Gunn Collision spearheaded the project and arranged for local vendors to do the body work and paint finishing to prepare the vehicles. The project is in conjunction with the National Auto Body Council Recycled Rides Program.