|
|
 | | | |
- close
- close
- close
- close
These excerpts taken from the ALL 8-K filed Feb 1, 2006. Multi-year Treaties –
These treaties have been in effect since 6/1/2005 and cover the Allstate brand
personal property catastrophe losses, expiring 5/31/2008, except for the treaty
in Florida. The Florida treaty provides
coverage for property policies written by Allstate Floridian and it expires
5/31/2007. This chart reflects our
expectation that we will expand coverage limits by $100 million per year on the
New Jersey and Texas treaties effective 6/1/2006, and that we expect to
terminate the existing treaties in North Carolina and South Carolina on 5/31/2006. The retentions, limits and/or reinsurance
premiums on these treaties are also subject to annual measurements on their
anniversary dates.
(4) Two separate reinsurance treaties provide coverage for catastrophe risks in the State of New York: Allstate Insurance Company (“AIC”) has a $500,000,000 retention and a $550,000,000 limit, and Allstate Indemnity Company has a $250,000,000 retention and a $450,000,000 limit.
(5) The Texas treaty is with Allstate Texas Lloyd’s (“ATL”), a syndicate insurance company. ATL also has a 100% reinsurance agreement with AIC covering losses in excess of and/or not reinsured by the Texas treaty.
4
(6) Multi-year Treaties – These treaties have been in effect since
6/1/2005 and cover the Allstate brand personal property catastrophe losses,
expiring 5/31/2008, except for the treaty in Florida. The Florida treaty
provides coverage for property policies written by Allstate Floridian and it
expires 5/31/2007. This chart reflects our expectation that we will expand
coverage limits by $100 million per year on the New Jersey and Texas treaties
effective 6/1/2006, and that we expect to terminate the existing treaties in
North Carolina and South Carolina on 5/31/2006. The retentions, limits and/or
reinsurance premiums on these treaties are also subject to annual measurements
on their anniversary dates.
(4) Two separate reinsurance treaties provide coverage for catastrophe risks in the State of New York: Allstate Insurance Company (“AIC”) has a $500,000,000 retention and a $550,000,000 limit, and Allstate Indemnity Company has a $250,000,000 retention and a $450,000,000 limit.
(5) The Texas treaty is with Allstate Texas Lloyd’s (“ATL”), a syndicate insurance company. ATL also has a 100% reinsurance agreement with AIC covering losses in excess of and/or not reinsured by the Texas treaty.
(6) This excerpt taken from the ALL 8-K filed Jan 10, 2006. Multi-year Treaties
– These treaties have been in effect since June 1, 2005 and cover the
Allstate brand personal property catastrophe losses, expiring 5/31/2008, except
for the treaty in Florida. The Florida
treaty provides coverage for property policies written by Allstate Floridian
Insurance Company and its subsidiaries (“AFIC”) and it expires 5/31/2007. This chart reflects our expectation that we
will expand coverage limits by $100 million per year on the New Jersey and
Texas treaties effective 6/1/2006, and that we expect to terminate the existing
treaties in North Carolina and South Carolina on 5/31/2006. The retentions on these treaties are also
subject to annual remeasurements on their anniversary dates.
(4) Two separate reinsurance treaties provide coverage for catastrophe risks in the State of New York: Allstate Insurance Company (“AIC”) has a $500,000,000 retention and a $550,000,000 limit, and Allstate Indemnity Company has a $250,000,000 retention and a $450,000,000 limit.
(5) The Texas treaty is with Allstate Texas Lloyd’s (“ATL”), a syndicate insurance company. ATL also has a 100% reinsurance agreement with AIC covering losses in excess of and/or not reinsured by the Texas treaty.
(6) | EXCERPTS ON THIS PAGE:
RELATED TOPICS for ALL: |
| |||||||
