shutterstock_2002747127
20 June 2024Insurance

Allstate suffers $1.5bn gross hit from May surge in storm activity

US P&C market leader Allstate suffered its biggest monthly cat loss tally in recent history at nearly $1.5 billion in gross losses across 14 events, bringing the year-to-date total to $2.62 billion. 

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
25 March 2026   A distinct protection gap exists between traditional coverage and AI risk.
Insurance
25 March 2026   Rate softening and weak demand set to test margins into 2026.
Insurance
25 March 2026   Document generation and management, claims processing and triage dominate.