Allstate pegs October cat losses at $226mn post-tax
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Allstate pegs October cat losses at $226mn post-tax

The estimate includes $102mn from Milton and $114mn Helene development.

By Rachel Dalton
November 21, 2024
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A member of the Pasco County Sheriff's Office goes out to help residents trapped in their homes as waters rise after Hurricane Milton caused the Anclote River to flood, Friday, Oct. 11, 2024, in New Port Richey, Fla. (AP Photo/Mike Carlson)

Allstate has announced pre-tax cat losses of $286mn, or post-tax of $226mn, for October.

The estimate includes a pre-tax loss of $102mn for Hurricane Milton, and unfavourable reserve re-estimates of $114mn, pre-tax, for Hurricane Helene.

The

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Topics

NewsCatastrophe lossesPersonal linesRe/insurersNorth America
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