Allstate (ALL +0.8%) estimates October catastrophe losses at $1.08B, net of reinsurance, driven...

|About: Allstate Corporation (ALL)|By:, SA News Editor

Allstate (ALL +0.8%) estimates October catastrophe losses at $1.08B, net of reinsurance, driven largely by damage caused by superstorm Sandy; ~$340M of claim payments had been made as of Nov. 26. Comparatively, catastrophe losses were $206M for the entire Q3 and $819M for Q2.