Safeco: Storm Losses To Hurt Quarterly Profit

NU Online News Service, May 20, 12:37 p.m.EDT?Safeco Corporation said that claims from recentMidwest and Southern tornadoes, as well as losses from Texashailstorms earlier in the quarter, will hurt the company'ssecond-quarter profit.

The company put its estimate for claims at some $90 million inpre-tax losses, ending the recent trend of relatively lowweather-related catastrophe losses for the company, Safecosaid.

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