The Allstate Corporation announced estimated catastrophe losses for the month of April of $632 million before taxes.
The after-tax tally is $499 million, the company said.
Six April events contributed to the totals, with 55 percent of the losses coming from two severe wind and hail events impacting roughly half the states.
Losses from those six events actually accumulated an estimated cost of $627 million before taxes ($495 million, after taxes. Allstate attributed the remaining $5 million to unfavorable prior period reserve reestimates.
Source: Allstate



Near-Miss Data Can Expedite Self-Driving Vehicle Algorithm Training: Study
Florida Man Arrested for $206K Luxury Vehicle Insurance Fraud Scheme
Will AI Be the End of Insurance Agents?
A Landmark Supreme Court Ruling Is Upending How America Moves Its Goods 







