LawsuitThe United States Department of Justice filed a civil suit against Allstate's National General subsidiaries, alleging improper and unnecessary force-placed auto policies.
Net Catastrophe LossesAllstate's net catastrophe losses across April-July were approximately $2.7 billion, significantly impacting the company's financial stability.
Stock PerformanceAllstate's stock fell approximately 5% after the news of the lawsuit broke, representing around $2.4 billion of market cap.