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Allstate tells Wall Street to brace for higher catastrophe losses in Q4, thanks to December winter storm

Por: MarketWatch Business January 19, 2023

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Winter Storm Elliott, which hit most of the U.S. Eastern Seaboard and the Midwest in late December and led to accounted for some 80%, or $478 million, of December’s estimated catastrophe losses, Allstate said. Shares of Allstate dropped nearly 3% in the extended session Wednesday after ending the regular trading day down 2.3%. Allstate said it expects to lose between $285 million and $355 million in the quarter, and estimated adjusted net... + full article



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