Allstate: $216M in catastrophe losses in April

Allstate says catastrophe losses for April reach $216 million after severe weather

Associated Press

NORTHBROOK, Ill. (AP) -- Severe weather led to $216 million in catastrophe losses in April for Allstate Corp., the insurer said Thursday.

Two severe weather events accounted for more than 75 percent of the estimated loss for the month, but the company declined to name the events.

From April through June of last year, Allstate's catastrophe losses came to $820 million.

The insurance company, based in Northbrook, Ill., serves about 16 million households through its Allstate, Encompass, Esurance and Answer Financial brands and its Allstate Financial business division.

Shares of the company fell 50 cents, or 1 percent, to close at $50.16.

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