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Allstate Records $2.7B Net Catastrophe Hit on Way to Q2 Loss of $1.4B

Allstate Records $2.7B Net Catastrophe Hit on Way to Q2 Loss of $1.4B

Allstate Corp. reported net catastrophe losses of $2.7 billion in the second quarter, resulting in a net loss for the period of $1.4 billion as catastrophe and underwriting losses offset other favorable factors. President and CEO Tom Wilson said...

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Kemper Exits Preferred Home and Auto Business Immediately

Kemper Exits Preferred Home and Auto Business Immediately

As it reported a net loss in the second quarter of about $97 million, Kemper Corp. said Monday that it is exiting the preferred home and auto insurance market. Kemper said it will “actively reduce the business immediately,” and...

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