Allstate estimates $237m catastrophe losses for October 2019

US insurance company The Allstate Corporation’s estimated catastrophe losses for the month of October 2019 are $237 million, pre-tax ($187 million, after-tax).

Catastrophe losses occurring in October comprised 12 events. Approximately 60 percent of estimated catastrophe losses were due to one severe weather event primarily impacting Texas.

Beginning this quarter, Allstate said it will announce catastrophe losses every month, removing the current $150 million reporting threshold and providing increased transparency for shareholders.

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