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Allstate says losses reach $1.08B in October

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NORTHBROOK, Ill. (AP) — The Allstate Corp. said Wednesday it had an estimated $1.08 billion in catastrophe losses in October, mostly the result of damage to homes and autos from Superstorm Sandy. Allstate said that about 66 percent of its losses were in New York, 20 percent in New Jersey and 14 percent in other states. The company said the loss estimates are based on coverage under its...

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