Cincinnati, Ohio-based Midland Co. announced that it estimates its losses from Hurricane Isabel will likely be in the range of $10 million to $15 million (pre-tax), which after the benefit of reinsurance, would impact earnings per share by 15 to 22 cents per share (diluted, after-tax) in the third quarter.
On Sept. 18, Hurricane Isabel made landfall on the Outer Banks of North Carolina as a Class II hurricane and proceeded inland, ultimately impacting more than a half dozen states.
Topics Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Florida’s Ailing $6 Billion Rail Line Has Debt Vultures Circling 
Brown & Brown Wins Temporary Injunction Against Howden 
Maryland Announces $2.5 Billion Settlement Over Baltimore Bridge Collapse 
Viewpoint: ‘Big Tobacco’ Moment for Cannabis – What to Know About Murray v. Cresco 
