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Florida Policyholders Effected by Citizens Insurance ‘dump’

If you own a home or property in Florida, you may be aware of the work of Citizens Property Insurance, a quasi-governmental entity that has provided insurance coverage to millions of residents in the state. However, recent efforts have been made to transfer many of these policies to private insurers, a process that hasn’t always…

Allstate Profit More Than Doubles as Claims Costs Fall

Allstate Corp. (ALL), the largest publicly traded U.S. auto and home insurer, said fourth-quarter profit more than doubled on lower costs tied to catastrophes. The company advanced in extended trading. Net income rose to $724 million, or $1.43 a share, from $296 million, or 55 cents, a year earlier, the Northbrook, Illinois-based insurer said today…