Allstate Corp. says it expects about $260 million in pre-tax catastrophe losses for the 2012 first quarter. The bulk of the loss was in March, says the Northbrook, Ill.—based insurer, estimating $190 million in pretax catastrophe losses during the last month of the first quarter.
Tornadoes have dominated the headlines and caused much of the insured catastrophe losses in the first quarter. March saw significant tornado events in Michigan, Indiana, and Kentucky.
Grouping the three states together, Allstate is the third-largest writer of homeowners' multi-peril and the third-largest writer of private passenger auto insurance, according to SNL Financial.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
