Allstate estimates April cat losses at $235mn

US insurer Allstate has indicated an expected April catastrophe
toll of $235mn before tax, or $153mn after tax, derived from 11
events.
The New York-listed company said the pre-tax figure comprised
estimated losses of $229mn for new events and the balance for
reserve strengthening on previously reported catastrophe
losses.
The disclosure came after Allstate reportedpre-tax catastrophe losses of $781mn in the first quarter, a
result exacerbated by an extreme hailstorm in Texas.The figure was grea