NU Online News Service, June 19, 1:44 p.m.EDT
|The Allstate Corp. today issued a second-quartercatastrophe-loss estimate of $820 million on a pre-tax basis.
|The Northbrook, Ill.-based insurer says it expects $440 millionin cat losses for the month of June.
|The second-quarter losses involve 30 events at an estimated costof $960 million, partially offset by favorable re-estimates ofprior-reported catastrophes. Four events accounted for over half ofthe estimated losses for the quarter.
|Earlier this week, The Hartford said it expects close to $300 million in pretax losses due tonatural catastrophe losses in the second quarter. The amount wasdown sharply from last year.
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.
