Allstate Corp. Reports Estimated Catastrophe Losses For April Of $494 Mln

RTTNews | 238 days ago
Allstate Corp. Reports Estimated Catastrophe Losses For April Of $494 Mln

(RTTNews) - Insurer Allstate Corp. (ALL) announced Thursday estimated catastrophe losses for the month of April 2024 of $494 million or $390 million, after-tax.

Catastrophe losses in April include 11 events estimated at $491 million, with approximately 80% of the losses related to four wind, hail or tornadic events.

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Pound Slides As U.K. Borrowing Costs Soar

Pound Slides As U.K. Borrowing Costs Soar

The British pound weakened against other major currencies in the European session on Thursday, on worries about the rising borrowing costs in the U.K. and the stagflation threat.
RTTNews | 5h 47min ago
FTSE 100 Moderately Higher As Mining Stocks Move Up

FTSE 100 Moderately Higher As Mining Stocks Move Up

The U.K. market is up in positive territory Thursday morning, led by gains in the mining sector, even as stocks from the retail sector are reeling under selling pressure, despite several big name retailers reporting a surge in sales. A weak pound is contributing significantly to market's upmove.
RTTNews | 6h 31min ago
Eurozone Retail Sales Rise Less Than Forecast

Eurozone Retail Sales Rise Less Than Forecast

Driven by food and auto fuel turnover, Eurozone retail sales registered a marginal growth, which was weaker than expected in November, reflecting subdued household consumption towards the end of 2024. Retail sales grew 0.1 percent on month in November after easing 0.3 percent in October, data from Eurostat showed Thursday. Sales were expected to climb 0.3 percent.
RTTNews | 6h 47min ago
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Thursday.
RTTNews | 6h 56min ago