Allstate absorbs $925m March losses

- Allstate reported it absorbed $925 million in March catastrophe losses tied to 15 wind and hail events, with most damage concentrated in three events. - First-quarter catastrophe losses reached $1.24 billion, underscoring concentrated severity and reserve pressure on homeowners lines for carriers and claims operations under scrutiny. - That concentration increases demand for evidence-rich triage and defensible documentation across claims and underwriting. (liveinsurancenews.com)