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updated: 7/18/2019 2:26 PM

Texas hailstorms affect Allstate catastrophe losses in June

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  • Northbrook-based Allstate Corp. said estimated catastrophe losses for June totaled $309 million.

    Northbrook-based Allstate Corp. said estimated catastrophe losses for June totaled $309 million.
    Daily Herald file photo

 

NORTHBROOK -- The Allstate Corp. said estimated catastrophe losses for June totaled $309 million.

Catastrophe losses occurring in June comprised 16 events at an estimated cost of $311 million, partially offset by favorable reserve re-estimates of prior period catastrophe losses.

Four severe wind and hail weather events, primarily affecting Texas, accounted for approximately 60% of June estimated catastrophe losses.

Allstate previously announced $763 million in estimated catastrophe losses for the months of April and May 2019, bringing estimated catastrophe losses for the second quarter 2019 to $1.07 billion.