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.
Pacific Life Seeks to Dismiss Kyle Busch’s $8.5M Lawsuit Over Insurance Policies 
Customers’ Search for Better Auto Rates Has UBI Heating Up 
Beazley Rejects Zurich Insurance’s £7.7 Billion Takeover Bid 
Kin Moves Into Florida and Texas With Home-Auto Bundle Products 
