Hailstorm part of Allstate's April losses

Posted5/20/2021 2:42 PM

NORTHBROOK -- Allstate Corp. Thursday announced estimated catastrophe losses of $544 million for the month of April.

Catastrophe losses in April included five major events causing insurance claims at an estimated cost of $490 million, plus unfavorable prior period reserve estimates. One large hail event, primarily impacting Texas and Oklahoma, accounted for roughly 60% of April losses, the insurer said.

Article Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.