Lower fuel prices have put more people on the road, spurring more claims to Allstate and a deteriorating underlying combined ratio a measure of the insurers profitability.
Carl Icahn, the activist investor calling for a breakup of AIG, said the alternative plan presented last week by the insurers CEO was inadequate and that hes assembling a slate of directors to shake up the company.
Organizations in a number of industries including hospitality, real estate, sports, entertainment and airlines may face direct exposures if people begin canceling travel plans or if employees become infected.