Allstate announces January catastrophe losses $1.08B

Allstate (ALL) announced estimated catastrophe losses for the month of January of $1.08B. Catastrophe losses included three events with approximately $1.07B related to the California wildfires. The California wildfire event estimate includes reinsurance reinstatement premiums, an estimated California FAIR Plan assessment and is net of estimated reinsurance recoveries of $1.40B.

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