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Stock impact report

14 Florida Insurers Closed Over Half of Homeowner Damage Claims with Zero Payment in 2024 [Yahoo! Finance]

Allstate Corporation (The) (ALL) 
Last allstate corporation (the) earnings: 2/4 06:08 pm Check Earnings Report
US:NYSE Investor Relations: allstateinvestors.com
Company Research Source: Yahoo! Finance
the names of 14 property insurers in Florida that closed more than 50% of the claims filed by homeowners in 2024 without paying a penny to cover damages. In addition, nine other Florida insurers closed from 40% to 50% of claims with no payment. Weiss Ratings founder, Dr. Martin D. Weiss , commented: "Last year, when we reported that six Florida companies closed 40%-50% of homeowner claims with no payment in 2023, it was alarming. But in 2024, it was far worse. Now, there are nine companies in that range plus many more closing a far higher percentage of claims with no payment." Florida Insurers Closing More Than 50% of Homeowner Claims with No Payment (% of total claims closed as reported at year-end) Insurance Company Name 1. People's Trust Insurance Co. 75.4 % 38.8 % 2. Kin Interinsurance Network 68.3 % 44.0 % 3. Amer Integrity Ins Co. of Fla. 64.6 % 43.9 % 4. Olympus Insurance Co. 61.9 % 37.3 % 5. State Farm FL Ins Co. 59.2 % 46.4 % 6. Castle Show less Read more
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