Allstate Adds $300 Million to CAT Loss Estimate, Other Insurers Report Losses

The losses from 13 June events are tacked on to a $2 billion loss from April and May.

Allstate (Northbrook, Ill.) announced it lost $300 million on catastrophes in June, bringing its total losses for the second quarter of 2011 to $2.3 billion.

In addition, the following carriers announced their total CAT loss estimates for the time period:

State Auto (Columbus, Ohio): $155 million to $165 million
Allied World (Zug, Switzerland): $65 million to $75 million
Platinum Underwriters (Hamilton, Bermuda): $74.8 million

Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio