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Allstate Corp. announced on Tuesday that its looses from the October and November California wildfires and other catastrophes would reach between $360 million and $400 million.
Published on December 19, 2007
Allstate, the largest publicly traded insurer in the United States, said in a statement it received over 7,000 claims from the southern California wildfires in October, which resulted in about $315 million to $335 million in catastrophe losses.
The insurer said those losses during October and November were about $100 million above catastrophe losses for the full fourth quarter a year ago. Its fourth quarter ends on Dec. 31.
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