Allstate hit by $403mn pretax May cat losses

US insurer Allstate's pretax catastrophe losses of $403mn in
May stemmed largely from a single hailstorm that struck along
Colorado's Front Range, the company said today.
Allstate, which gives monthly updates on catastrophe claims,
said 14 cat events occurred last month, most prominently the
hailstorm that struck the Denver area and other communities along
the eastern edge of the Rocky Mountains on 8 May. The storm
accounted for more than half of May losses.
The record hailstorm pelted the regio