Allstate expects $1.17bn in pre-tax cat losses for March
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Allstate expects $1.17bn in pre-tax cat losses for March

Allstate headquarters northbrook.jpg

Allstate has estimated its pre-tax cat losses for March at $1.17bn, or $927mn post-tax, as it reckoned with 10 events.

Its high losses for the reinsurance year-to-date could trigger further cat bond recoveries for the insurer, although how the losses interact with its aggregate deductibles is not clear.


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