Allstate estimates July cat losses at $181mn

Allstate said that 13 events last month generated cat losses of
$181mn before tax, or $118mn after tax.
In a regular disclosure Allstate said that more than 60 percent
of the losses stemmed from two severe wind, hail and rain events,
primarily impacting the US Midwest.
The 13 events in July cost an estimated $151mn before tax, with
reserve strengthening of cat losses that largely occurred in the
second quarter bolstering the total.
Allstate earlier this month posted asurprisingly...