Allstate in heavy Q1 loss
Allstate, the US insurance giant, reported a first quarter net loss of $274m, down from a gain of $348m in the first quarter of 2008.
The results were hit by $516m of catastrophe losses in the first three months of the year – including a $60m reestimate of prior year reserves for 2008 Hurricanes Ike and Gustav.Allstate blamed a
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