Allstate Corp. says it expects $1.08 billion in pretax catastrophe losses for the month of October, primarily due to Superstorm Sandy.
The Northbrook, Ill.-based insurance group says in a statement that while gross losses are higher, the company expects to get about $200 million from reinsurance.
Allstate says Sandy was the largest of five catastrophe events in October, but it did not break down each event.
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