Allstate estimates third-quarter cat loss of $1.3bn
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Allstate estimates third-quarter cat loss of $1.3bn

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Allstate Corp has estimated pre-tax cat losses for September at $165mn, and for the third quarter at $1.3bn.

Two large wind/hail events, which had mostly impacted the Midwest, accounted for around half of the September figure, the carrier revealed.

The

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