What's changed at Allstate

Every update we've tracked for Allstate, newest first. Each one links to the full note.

  1. AM Best affirms Castle Key at B (Fair), outlook turns positive

    AM Best affirmed Castle Key Group's B (Fair) rating. It moved the credit outlook to positive. This was due to better underwriting results. Allstate Insurance Group stayed at A+ (Superior), stable.

  2. Castle Key will not renew some Florida homes

    Castle Key sent nonrenewal notices on Florida homes. Most of the homes were built before 2002 or near water. The notices took effect around June and July 2024. Some customers were offered a move to Monarch insurance.

  3. OIR holds public hearing on Castle Key Indemnity 53.5% condo rate filing

    OIR held a virtual rate hearing on Castle Key Indemnity's HO-6 condo filing 23-010270. It asked for a 53.5% average increase. Allstate said the filing was made in 2023 and most customers already saw it.

  4. Castle Key to drop 33,000 Florida condo policies

    Allstate's Castle Key said it would nonrenew about 33,000 Florida condo policies. They would drop as they came up for renewal starting June 2023. That was about 12% of its Florida book. It cited cost pressures.

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