A look at statistics showing how the insurance industry fared in consumer class action settlements.
NORTHBROOK, Ill., Nov. 15, 2012 /PRNewswire/ -- The Allstate Corporation (NYSE: ALL) today announced that estimated catastrophe losses for the month of October 2012 will exceed $150 million, but an estimate cannot be made at this time.The company's practice is to releasean estimate of monthly catastrophe losses on the third Thursday following month-end when the amount exceeds $150 million. Allstate will issue a catastrophe loss estimate for October when losses from Sandy can be estimated.
The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held personal lines insurer, serving approximately 16 million households through its Allstate, Encompass, Esurance and Answer Financial brand names and Allstate Financial business segment. Allstate branded insurance products (auto, home, life and retirement) and services are offered through Allstate agencies, independent agencies, and Allstate exclusive financial representatives, as well as via www.allstate.com and 1-800 Allstate®, and are widely known through the slogan "You're In Good Hands With Allstate®.
Forward-Looking Statements and Risk Factors
This news release contains forward-looking statements about catastrophe losses. These statements are based on our estimates and assumptions that are subject to uncertainty. These statements are made subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected in the forward-looking statements in this news release for a variety of reasons, including the following:
We assume no obligation to update any forward-looking statements as a result of new information or future events or developments.
SOURCE The Allstate Corporation