Thank you for sharing!

Your article was successfully shared with the contacts you provided.

First-quarter 2009 earnings for State Auto Financial Corporation (STFC) will include “larger than normal” catastrophe losses of between $38 million and $42 million, due to Jan. and Feb. storm activity, the company said.

Bob Restrepo, chairman, president and CEO of the Columbus, Ohio, super-regional property-casualty insurer, said, “Ice and wind storms that hit our Midwest operating states in late January and early February have contributed significantly larger than normal losses to STFC’s first-quarter results. These storms include events that qualify toward our new catastrophe aggregate reinsurance program.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.