NU Online News Service, May 5, 3:11 p.m. EST
Liberty Mutual Group says net income increased nearly 15 percent during the first quarter when compared with the same quarter in 2010 and the insurer released a preliminary estimate from April storms in the U.S.
Tornado and storm activity in central states is expected to cause $350 million to $450 million in catastrophe losses, the company says during a conference call.
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