NU Online News Service, Aug. 1, 2:55 p.m. EDT
New York-based insurer MetLife reports that catastrophe losses led to an operating loss of $56 million for the 2011 second quarter.
Reporting its second-quarter financial results last week, the company says “unusually heavy storm activity” caused catastrophe losses of $174 million, after tax—$137 million more than the company anticipated in the quarter.
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