The Texas Department of Insurance has just approved a homeowners-insurance-rate hike for Allstate Insurance of 5.7 percent and 9.8 percent for its companies.
Although 2012 tornado activity is well above the year-to-date average for 2005-2011, Standard & Poors says the insurance and reinsurance industries should be able to sustain the losses.
Although 2012 tornado activity is well above the year-to-date average for 2005-2011, Standard & Poors says the insurance and reinsurance industries should be able to sustain the losses.