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.
Allstate serves approximately 16 million households through its Allstate, Encompass, Esurance and Answer Financial brand names and Allsta
Aon Benfield, the reinsurance brokerage division of Aon, says most of the severe weather damage this April was from hail and damaging wind events in the Plains, Midwest and Southeast.
In terms of industry insurance losses, Aon Benfield puts the minimum for April at $350 million.
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