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Allstate Says October Catastrophe Costs Exceed $150 Million

Allstate Corp. (ALL), the largest publicly traded U.S. home insurer said catastrophe costs last month were more than $150 million as the U.S. Northeast was lashed by superstorm Sandy.

The insurer will release a more precise forecast when it is available, Northbrook, Illinois-based Allstate said today in a statement distributed by PR Newswire.

To contact the reporter on this story: Zachary Tracer in New York at ztracer1@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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