Allstate Corp. said it expects about $1.1 billion of losses from the wildfires that ravaged swaths of Los Angeles last month.

The Northbrook-based insurer's size and geographic reach help protect it from regional disasters and give it pricing power.

According to the Los Angeles Times, affiliates of Farmers Insurance denied approximately 50% of claims, while USAA affiliates and Allstate ... in high-risk areas. The current crisis underscores a ...

which declined 48% of payment claims; and Allstate Insurance with 46%, according to the report by Weiss Ratings, based in Palm Beach Gardens, Florida. By comparison, Weiss noted, home insurers ...