Hurricane Michael leads Allstate to $202M in losses during October
NORTHBROOK - The Allstate Corp. announced estimated catastrophe losses for the month of October 2018 of $202 million, pretax ($160 million, after-tax).
Catastrophe losses occurring in October comprised eight events at an estimated cost of $174 million, pretax, plus unfavorable reserve re-estimates of prior reported catastrophe losses. Hurricane Michael, which made landfall on Oct. 10, accounted for $136 million, pretax, or 78 percent of October event catastrophe losses.
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