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ALLSTATE REVISES DAMAGE ESTIMATES FROM HURRICANE ANDREW

 ALLSTATE REVISES DAMAGE ESTIMATES FROM HURRICANE ANDREW
 NORTHBROOK, Ill., Oct. 6 /PRNewswire/ -- Allstate Insurance Company today revised its damage estimate from Hurricane Andrew -- placing the total at $1.73 billion on an expected 159,000 claims. Based on this estimate, the after-tax impact on Allstate earnings would be approximately $1.15 billion.
 Allstate made its initial estimate on Sept. 1 -- eight days after Hurricane Andrew devastated parts of Florida and Louisiana. That estimate, totaling $1.05 billion or $700 million after-tax, was based on the company's use of hurricane modeling techniques and its experience with initial on-site catastrophe evaluations. While the number of claims is tracking the company's expectations, average losses from dwelling and contents claims have been higher than expected.
 Allstate Chairman and Chief Executive Officer Wayne E. Hedien stated that the company's primary concern remains the welfare of its customers. "We are a very solid company with the financial strength to handle catastrophes like Andrew," said Hedien.
 Allstate employees have been mobilized in Florida and Louisiana since the day Hurricane Andrew hit shore. Allstate has more than 2,000 claim representatives in the affected areas. The company has also established 800 numbers for reporting claims, set up catastrophe centers in Florida and Louisiana and has made available claim personnel countrywide to accept loss information and settle claims.
 -0- 10/6/92
 /CONTACT: Bob Lapinski or Kathleen Hogan, 708-402-5600, of Allstate Insurance Company/ CO: Allstate Insurance Company ST: Illinois, Florida IN: INS SU:


SH -- NY012 -- 6924 10/06/92 09:06 EDT
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Publication:PR Newswire
Date:Oct 6, 1992
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