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.
Robotaxi Riders Are Falling Asleep, Sparking Frantic 911 Calls 
Viewpoint: The AI Ransomware That Couldn’t Get Paid 
One Weather Firm Warns New England Could See Big Hurricane This Season 
US P/C Industry Books Best Result in a Decade but Not All Lines Enjoy Success 
