Allstate estimates $748 million in monthly catastrophe losses
Allstate ($ALL) estimated August catastrophe losses at $748 million before tax, or $591 million after tax. The estimate covers 21 events, with a single wind-and-hail event accounting for approximately half of the total. The disclosure provides a new measure of weather-related claims pressure on the insurer rather than a complete picture of monthly profitability. Combined catastrophe losses for July and August reached approximately $1.43 billion before tax and $1.13 billion after tax. Those figur
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