NU Online News Service, June 1, 2:35 p.m. EDT
United Fire & Casualty Co. (UFCS) says it expects second-quarter catastrophe losses of between $30 million and $35 million due to spring storms that have spawned deadly tornadoes in the U.S.
Cedar Rapids, Iowa-based UFCS says the losses include around $7 million to $9 million in storm losses reported in the company’s first-quarter news release, $5 million to $6 million from April storms in Southern states, and $15 million to $20 million from the May 22 Joplin, Mo. storm.
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