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updated: 5/16/2019 9:49 AM

Texas storms push Allstate April catastrophe losses to $290 million

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NORTHBROOK -- The Allstate Corp. said Thursday catastrophe losses for the month of April 2019 of $290 million.

Catastrophe losses occurring in April comprised seven events at an estimated cost of $259 million, plus unfavorable reserve re-estimates of prior period catastrophe losses. Two wind/hail events, primarily impacting Texas, accounted for approximately 70% of April event catastrophe losses.