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.
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators
Q4 Global Commercial Insurance Rates Drop 4%, in 6th Quarterly Decline: Marsh 

