NU Online News Service, July 20, 2:13 p.m. EDT
Three regional insurers say second-quarter catastrophe losses will run into double-digit figures, stemming mainly from 13 weather events throughout the period.
Springfield, Ill.-based Horace Mann Educators Corp. says the impact from weather-related catastrophe activity for the three months ending June 30 will total between $28 million and $30 million, pre-tax. The range includes the estimated incurred losses and loss adjustment expenses from 13 catastrophe events during the quarter, including a stretch of severe weather in the central and eastern United State at the end of June. It also includes hail and other storm activity in late April and May. Last year, the company reported catastrophe losses for the same period of $55 million, pre-tax.
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