NU Online News Service, July 14, 11:55 a.m. EDT

Meadowbrook Insurance Group Inc. says its second-quarter results will include higher-than-average storm-related losses, net of reinsurance, of approximately $12.5 million pre-tax.

The Southfield, Mich.-based carrier says the amount is approximately $6.3 million pre-tax higher than normal, and that the losses will add 3.5 percentage points to the combined ratio and reduce earnings per share by approximately 8 cents per share in the quarter.

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