Allstate posts $885mn cat loss for May from wind and hail events
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Allstate posts $885mn cat loss for May from wind and hail events

Allstate headquarters northbrook.jpg

Allstate suffered estimated catastrophe losses of $885mn during the month of May from 12 cat events.

A total of 70% of the losses were related to two wind and hail events.

The 12 events were estimated to cost a total of $893mn, which was partially offset by reserve re-estimates from prior events.

After

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