S&P goes negative on Allstate on cats, acquisitions and capital management
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S&P goes negative on Allstate on cats, acquisitions and capital management

03 November 2011
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Standard & Poor's (S&P) has put the ratings of Allstate on negative outlook, citing deteriorating capital adequacy from the insurer's heavy cat load, its acquisitions of Esurance and Answer Financial, and its 'aggressive' share repurchase and dividend strategy.

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