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Allstate Says Catastrophes Cost $359 Million in First Quarter

Allstate Corp., the largest publicly traded U.S. home and auto insurer, said catastrophes cost the company $359 million before tax in the first quarter.

The sum includes $198 million from March, the Northbrook, Illinois-based company said today in a statement distributed by PR Newswire.

To contact the reporter on this story: Noah Buhayar in New York at nbuhayar@bloomberg.net

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

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