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Shutterstock.com_2002747127/Jonathan Weiss
2 August 2023Insurance

Allstate turns Q2 cat losses into eye-popping $1.4bn net loss

Allstate suffered a 2.4 times increase in its second quarter P&C underwriting loss to an eye-opening $2.1 billion as another quarter of major cat losses show the retail insurer well behind the curve on the push against regulators for homeowner and auto insurance rates.

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