Palisades wildfires in January. Credit: Pierce/Adobe Stock
Allstate’s second quarter catastrophe losses are down after the carrier reported losses related to the California wildfires and March wind events during the first three months of the year, according to a company release.
Estimated pretax catastrophe losses for the second quarter dropped to $1.99 billion from $2.12 billion year-over-year, Allstate said, with estimated losses during June at $619 million or $489 million after-tax.
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Joe Toppe
Joe Toppe serves as managing editor of PropertyCasualty360.com. Joe is also a father of three, an author, and longtime lover of baseball.
