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18 September 2026Insurance

Allstate SCS-season cat losses up 32% to $3.15bn on pricey July-Aug

US retail P&C insurer Allstate suffered $748 million in pre-tax August cat losses, 3.5x the prior year period and sufficient to bring the five-month SCS season tally to $3.15 billion, a 32% year-on-year gain, the latest monthly filing from the firm indicates.

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