U.S. Airmen assigned to the 202nd Rapid Engineer Deployable Heavy Operational Repair Squadron Engineers (RED HORSE) Squadron, Florida Air National Guard, clear roads in Keaton Beach, Florida, after the landfall of Hurricane Helene, Sept. 27, 2024. (Credit: The National Guard/Wikipedia Commons)
(Bloomberg) — Allstate Corp. posted $630 million in catastrophe losses in September related to Hurricane Helene.
The hit brought the insurer's pretax catastrophe losses for the month to $889 million, more than double the $317 million it suffered a year earlier, the Northbrook, Illinois-based firm said in a statement Thursday. Losses reached $1.7 billion for the third quarter, up from $1.18 billion.
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