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Allstate Announces August Catastrophe Loss Estimate

Posted on 16 Sep 2011

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The Allstate Corporation today announced $735 million, pre-tax, in estimated catastrophe losses for the month of August 2011, and $865 million, pre-tax, for the months of July and August 2011.

August catastrophe losses comprised eight events, including Hurricane Irene. Hurricane Irene losses are currently estimated at $500 million, pre-tax.