Allstate Corp. says it expects to record pretax catastrophe losses of $359 million for the first quarter.

The Northbrook, Ill.-based insurer says it incurred estimated pretax catastrophe losses of $198 million for the month of March.

Allstate says nine events during the first three months of the year resulted in pretax losses of $391 million, offset somewhat by favorable reserve development on prior-year losses. One event during this time accounted for more than half of the losses for the quarter, the company says.

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