Three additional insurers reported losses from Hurricanes Katrina and Rita in the third quarter, which in total could amount to more than $160 million, though much of that figure would be assumed by reinsurance.
Horace Mann Educators Corporation, a Springfield, Ill.-based multiline insurer, reported gross estimated losses from Hurricane Katrina alone would be between $65 million and $75 million. Pretax losses from Rita are estimated between $8 million and $10 million, and losses from other catastrophic storms in the third quarter are an estimated $10-to-$12 million.
Horace Mann said the company would take a financial hit between $29 million and $33 million pretax, net of reinsurance recoveries, from Katrina and Rita.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
