In a brief announcement Bermuda-based Max Re Capital Ltd. said that preliminary estimates indicate that the company’s 2005 third quarter earnings will be negatively impacted by $60 to $90 million as a result of Hurricane Katrina.
Max Re is one of a number of companies that are still tabulating damage costs from the hurricane that hit the U.S. in late August.
Topics Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Online Insurance Marketplace Insurify Blocks Meta’s Personal AI Agent Muse 
FEMA’s New Flood Maps Means More Homes Require Flood Insurance: Cotality 
Morgan & Morgan Plans to Spend $1B on AI Platform in Coming Years 
New Data Centers Worth $68 Billion Disrupted in US, Data Show 
