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.
Former Trident Reciprocal CEO Ordered to Pay $468K in Attorney and Arbitrator Fees 
KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event 
World’s Largest Retirement Community Set to Borrow $180 Million for More Homes 
Jury Awards $6.8 Million in Nursing Home Understaffing Class Action 
