Columbus, Ohio-based State Auto Financial Corp. announced it estimates the company’s second quarter 2012 results will include between $33 million and $36 million in pre-tax net catastrophe losses.
During the quarter ended June 30, 2012, 13 catastrophe events in the United States were identified by Property Claim Service (PCS).
STFC’s catastrophe losses were primarily related to two events: wind and hail activity affecting the Louisville, Ky., and St. Louis, Mo., areas in late April and, to a lesser extent, wind activity from a storm event in the Midwest and Mid-Atlantic states at the end of June.
STFC expects to release its second quarter 2012 results on Aug. 2, 2012.
Source: State Auto Financial Corp.
Was this article valuable?
Here are more articles you may enjoy.
Illinois USPS Employee Indicted for Alleged Workers’ Comp Fraud 
Navigators Can’t Parse ‘Additional Insured’ Policy Wording in Georgia Explosion Case 
Progressive Q4 Income Up 25%; CFO Sauerland to Retire in July 
Berkely Says It’s No Longer Pressured to Push for Rate ‘Across the Board’ 
