An accounting for meteorological violence among insurers
The initial accounting Thursday follows warnings from other insurers that are tallying the damages from a hurricane season that is nowhere near being over.
Allstate's monthly losses, which likely have not been fully accounted for, are more than three times the
The insurer, based just outside of
"The key thing is that we're in the peak of an extremely active hurricane season," said Dr.
Last week, German reinsurer
Others have issued more pessimistic outlooks.
Irma carved a path of destruction through the
The damage, particularly from Irma, was expected to be much worse and stock in insurance companies, while down, has remained fairly flat over the past month, and many are up sharply for the year.
Yet the hurricane season runs through November and on Thursday, the entirety of
In an updated forecast last month,
So far there have been 13 named storms, with four major hurricanes.
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