United Fire Group Inc., headquartered in Cedar Rapids, Iowa, announced that it expects its first-quarter results through March to include pre-tax catastrophe losses, net of reinsurance, of approximately $13 million to $16 million.
These losses are the result of several powerful storms that spawned multiple tornadoes and tore through Midwestern and Southeastern states in the last week of February, including Kansas, Missouri, Illinois, Indiana, Ohio, Kentucky, Tennessee and Alabama.
Topics Profit Loss Windstorm
Was this article valuable?
Here are more articles you may enjoy.
World’s Largest Retirement Community Set to Borrow $180 Million for More Homes
Europe’s Insurers Cut Coverage of Weather Losses, Report Says
AI’s Water Strain Includes Surging Demand From Electricity Use
All in the Family: Husband, Wife and Daughter Indicted for Insurance Fraud and Bribery 

