Allstate April cat losses at $211m

US personal lines insurer Allstate Corporation estimated catastrophe losses for the month of April 2018 of $211 million before taxes.

After tax, cat losses in April are set to cost the insurer $167 million.

Catastrophe losses occurring in April comprised 10 events at an estimated cost of $195 million, pre-tax, plus unfavourable reserve re-estimates of prior reported catastrophe losses.

Two severe wind and hail events, primarily impacting Texas and certain Southeastern states, accounted for approximately 60 percent of April event catastrophe losses.

Make sure you are GDPR compliant and  confirm your email address to keep getting our daily emails

More of today's news

Icahn intervenes in AmTrust going-private plan

AIG losses more than double in Europe in 2017

Lloyd’s brokers SSL, Endeavour merge under JC Flowers

Sompo expects to double profit in 2018

Aviva secures major bulk annuity deal with M&S

Aon reveals new CEO of Captive & Insurance Management business

ACLI appoints new CEO as Kempthorne departs

Don't miss our insurtech email newsletter - sign up today