NU Online News Service, June 16, 2:29 p.m. EDT
Catastrophe losses in April and May could end up costing Allstate Corp. $2 billion, according to the company's most recent estimate.
The Northbrook, Ill.-based insurer says it expects $600 million in pre-tax catastrophe losses for seven events in May. Previously Allstate said April catastrophe losses would be around $1.4 billion.
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