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The Allstate Corporation, a US personal property and casualty insurer, has announced estimated catastrophe losses for the month of August of $748 million or $591 million, after-tax.
The losses were generated by 21 events, with a single severe wind and hail event accounting for roughly half of the total impact.
August’s figure marks a consecutive rise in catastrophe losses, increasing from the $682 million, or $539 million after tax, Allstate estimated for the month of July, which had already risen from June’s $563 million, or $445 million after tax.
Together, July and August catastrophe losses reached $1.43 billion or $1.13 billion, after-tax.
For the second quarter of 2026, catastrophe losses were estimated at $1.72 billion, or $1.36 billion after tax.
The post Allstate estimates August cat losses at $748m appeared first on ReinsuranceNe.ws.
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