NU Online News Service, June 28, 2:41 p.m. EDT
Tower Group Inc. says it expects $8 million in pre-tax losses from U.S. storms in April, May and early June.
The New York-based property and casualty insurer says it expects the weather-related losses will reduce its second-quarter earnings by $0.13 per share, and adds that it expects operating earnings per share to be at the lower end of its previously announced range of $2.70 to $2.90.
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