Allstate announces March catastrophe loss estimate

theflyonthewall.com

Allstate announced estimated catastrophe losses for the month of March of $198M and an estimated $359M for first quarter 2013. Catastrophe losses occurring in the first quarter comprised nine events at an estimated cost of $391M, pre-tax, partially offset by favorable reserve reestimates of prior year catastrophe losses. One severe weather event accounted for over half of the estimated loss for the quarter.

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