Allstate Corp. Reports Estimated Catastrophe Losses For April Of $494 Mln

RTTNews | 31 days ago
Allstate Corp. Reports Estimated Catastrophe Losses For April Of $494 Mln

(RTTNews) - Insurer Allstate Corp. (ALL) announced Thursday estimated catastrophe losses for the month of April 2024 of $494 million or $390 million, after-tax.

Catastrophe losses in April include 11 events estimated at $491 million, with approximately 80% of the losses related to four wind, hail or tornadic events.

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China Industrial Output Rises 5.6% On Month In May

China Industrial Output Rises 5.6% On Month In May

Industrial production in China was up 5.6 percent on year in May, the National Bureau of Statistics said on Monday - well shy of forecasts for an increase of 6.2 percent and slowing sharply from 6.7 percent in April.
RTTNews | 5h 22min ago
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Monday, following the mixed cues from Wall Street on Friday, as traders remain cautiously optimistic on bets the US Fed will likely cut interest rates in September after Fed officials forecast just one rate cut this year. Japanese market is falling almost 2 percent. Asian markets closed mixed on Friday.
RTTNews | 5h 29min ago