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Allstate Chairman, President & CEO Thomas Wilson, discusses his take on the fiscal cliff negotiations, and the $1.1 billion costs his company faces after Hurricane Sandy.
Allstate managed to keep its losses from Hurricane Sandy to $1.075 billion, less than 5 percent of the company's capital and about what it earned in the third quarter of 2012.
Find out what Wall Street analysts had to say about Apple, Samsung, Lowe’s and Patterson in this CNBC.com StockBlog Roundup.
Power has been restored to nearly 80 percent of utility customers in the New York City area who were blacked out by Super Storm Sandy, but a nor’easter loomed and that could set back efforts to return to normal.
Find out what Wall Street analysts were saying about Allstate, Western Union, and dividend payers like General Mills and McDonald’s in this week’s CNBC.com StockBlog Roundup.
LONG BEACH, N.Y., Nov 3- Standing in the driveway next to the charred shell of his house on Long Beach, Long Island, with the hood open to his water-logged, brand-new 2012 Subaru Outback, Bill Long heard the words so many in the path of superstorm Sandy have been hoping to hear: ``I'll take care of that.''.
Nov 1- Disaster modeling company Eqecat now estimates that monster storm Sandy caused up to $20 billion in insured losses and $50 billion in economic losses in the United States, the company said on Thursday.
New Yorkers felt the rumble of subway trains for the first time in four days on Thursday but gasoline shortages persisted in the Northeast and emergency crews struggled to reach the worst-hit areas and restore power to millions of people.
Companies such as environmental cleanup specialist Clean Harbors Inc, building supply chains Home Depot Inc and Lowe's Cos Inc, building products makers Owens Corning and Beacon Roofing Supply Inc, and generator manufacturer Generac Holdings Inc surged in early trading on the assumption that the recovery from Sandy will take years and boost sales.
Oct 31- Home and auto insurer Allstate Corp reported a larger profit for the third quarter on a decline in disaster losses and improving margins, as its chief executive said storm Sandy would not materially affect results this quarter.
NEW YORK, Oct 31- The first piece of post-storm advice after a major weather event like Sandy is always to call your insurance company. But what if your phone isn't working or you don't have Internet service? State Farm says as of Tuesday evening, it had logged 6,000 homeowners policy claims, and 900 car claims.
Oct 31- Home and auto insurer Allstate Corp reported a larger profit for the third quarter on a decline in disaster losses and improving margins, but made no mention of potential impacts from the devastating Hurricane Sandy.
Companies like environmental cleanup specialist Clean Harbors, building supply chains Home Depot and Lowe's, building products makers Owens Corning and Beacon Roofing and generator manufacturer Generac Holdings surged in early trading on the assumption that the recovery from Sandy will take years and boost sales.
Sandy could be the fifth-biggest hurricane in US history in terms of insured losses, according to early industry estimates, Allstate CEO Thomas Wilson told CNBC’s “Closing Bell” on Wednesday.
Wall Street and two major airports reopened, and National Guardsmen rushed to rescue flood victims as the Northeast limped into recovery mode Wednesday, two days after being pummeled by epic Hurricane Sandy.
Check out which companies are making headlines after the bell Wednesday.
Companies like environmental cleanup specialist Clean Harbors, building supply chains Home Depot and Lowe's, building products makers Owens Corning and Beacon Roofing and generator manufacturer Generac Holdings surged in early trading, on the assumption that the recovery from Sandy will take years and boost sales.
As our thoughts remain with all those who have been horribly affected by the devastation that hit the U.S. Eastern seaboard and its aftermath, we are being asked about the implications of Hurricane Sandy for markets
Not all insurance companies will get through the aftermath of Hurricane Sandy equally, Bernstein insurance analyst Josh Stirling said Tuesday on CNBC.
RMS, one of the three primary firms used by the insurance industry to calculate disaster exposures, indicated that Sandy should outdo the roughly $4.5 billion in insured losses Irene caused after hitting the northeast in August 2011.