Allstate books $1bn cat loss for June, $181mn Q2 reserve charge
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Allstate books $1bn cat loss for June, $181mn Q2 reserve charge


Personal lines firm Allstate recorded pre-tax catastrophe losses of $1bn during June, bringing its Q2 cat loss tally to $2.7bn.

The insurer said June cat losses included 18 events estimated at $1.13bn, with nearly 60% related to wind and hail, partially offset by favorable reserve re-estimates for prior events.


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