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Allstate fire losses may hit $335 million

December 19, 2007|From Times Wire Services

Allstate Corp., the largest publicly traded U.S. home insurer, said its fourth-quarter losses from the October wildfires in California would be as much as $335 million.

Overall catastrophe losses for October and November totaled $360 million to $400 million, about $100 million higher than for the entire fourth quarter last year, the Northbrook, Ill.-based insurer said.

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