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.
Georgia, Florida Insurers Facing New Scrutiny, Regulations After Election 
Allstate’s AI Ecosystem to Include a Personal Agentic Assistant for Customers 
Delta Air Lines Must Face Lawsuit Over ‘Window Seats’ With No Windows 
When the Meter Says Wet but the Ceiling Is Dry: A Guide for Adjusters and Inspectors 
