Allstate Q1 cost for cat program jumps 52% as nationwide tower placed

Allstate has confirmed the placement of a nationwide excess cat program that exhausts at $6.92bn for 2023-24, up from $6.61bn on the 30 May expiring cover, including a retention that increased from $500mn to $750mn or $1bn on some of the new layers placed as part of the multi-year structure.


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