NU Online News Service, July 30, 12:26 p.m. EDT
Harleysville, Pa.-based insurer Harleysville Group Inc. said it expects second-quarter catastrophe losses will increase its combined ratio by 3.8 points and reduce operating income.
The commercial and personal insurance company experienced "significantly greater frequency" of severe weather with 12 storms classified as catastrophes, said Michael L. Browne, chief executive officer, in a statement.
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