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
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