(Reuters) - Home and auto insurer Allstate Corp
Allstate, one of the biggest insurers in the northeastern United States, said on October 31 the storm would not materially affect its overall financial condition.
Sandy appears to have caused twice or even three times the losses of last year's Hurricane Irene, but final estimates will be hard to come by for some time because of the scale of the disaster, catastrophe forecasting companies have said.
Disaster modeling company RMS expects U.S. insured losses of $20 billion to $25 billion.
Property insurer Chubb Corp
Shares of Allstate, which have risen 38 percent this year, were almost flat at $38.46 on the New York Stock Exchange on Thursday. (Reporting by Tanya Agrawal in Bangalore)