NU Online News Service, June 7, 10:22 a.m. EDT
State Auto Financial Corporation says it expects between $60 million and $63 million in third-quarter catastrophe losses.
The Columbus, Ohio-based insurer says the figure includes about $25 million in development from second-quarter cats.
The figure also includes about $16 million in losses from Hurricane Irene.
State Auto says the losses outpace the company's historic five-year average for third-quarter catastrophe losses (prior to 2011) of $25 million.
The company plans to release its third-quarter results on Nov. 1.
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