Unitrin Inc., headquartered in Chicago, announced that pret-tax catastrophe losses due to several, severe tornados and other storms during April would likely come in at an estimated $65 million and $75 million. The company said amounts recoverable through reinsurance are estimated to be immaterial.
Customers across more than a dozen states were impacted, with those in North Carolina, South Carolina, Texas and Alabama suffering the largest losses. Total claims are estimated to reach approximately 12,000.
Source: Unitrin
Topics Catastrophe Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
After 62 Years, Florida Appeals Court Drops the Expert Witness Rule on Attorney Fees 
FCC Bans Wireless Router Imports, Citing Security Concerns 
Chevron Warns California Risks Fuel Crisis Unless Iran War Eases 
Depreciation on ACV Is OK, Court Says in Knocking Down Class Action vs. Cincinnati 
