Northbrook, Ill.-based insurer Allstate Corp. estimates catastrophe losses for the month of April at $216 million pre-tax and $140 million after-tax.
The carriers says catastrophe losses occurring during the month comprised seven events at an estimated cost of $242 million, pre-tax, partially offset by favorable reserve re-estimates of prior reported catastrophe losses.
Two severe weather events accounted for more than 75 percent of the estimated loss for April events.
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