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.
Georgia Appeals Court Reverses $345M Judgment Against Insurers in School Sex Abuse 
Prices for New Cars Have Soared. Here’s One Big Reason Why 
Marine Insurers Cancel War Risk Cover as Iran Conflict Escalates 
Liberty Mutual ‘Shifting From Fixing to Building’ in 2026, CEO Says 
