Allstate said the wildfires blazed through Southern California last month will bring the insurance company a sizable loss – $1.1 billion.

Allstate insurance said it expects a $1.1 billion loss from claims caused by the wildfires that swept through Southern California in January

Allstate Corp. said it expects about $1.1 billion in losses from the wildfires that destroyed Los Angeles County communities in January.

U.S. primary insurer Allstate has estimated that its gross losses from the Los Angeles, California wildfires will be $2 billion, and after r

US insurer Allstate expects its losses from the recent Los Angeles, California wildfires will be around $1.1 billion, pre-tax and net of reinsurance,

TheStreet’s Conway Gittens brings you the biggest news of the day, including the toll the California wildfires are taking on insurance companies.