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Catastrophes continue to drive down second-quarter results for insurers as both domestic carriers and Bermuda companies report net-income declines and even losses, headlined by Allstate’s $620 million second-quarter loss.

Allstate’s loss compares to 2010 second-quarter net income of $145 million. The Northbrook, Ill.-based insurer says it suffered more than $2.3 billion in catastrophe losses from 30 events in the quarter. The events include 25 wind and hailstorms, five tornadoes and several wildfires, accounting for 36.2 points to Allstate’s 123.3 second-quarter combined ratio.

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