W. R. Berkley Corporation announced that has updated its estimate of hurricane losses in the third quarter to now include those from Hurricane Jeanne as well as Hurricanes Charley, Frances and Ivan.
Berkley’s bulletin said, “although potential claims information is preliminary, the Company’s estimate of its combined net after-tax losses from all four storms is $20 million, or 23 cents per share.”
It added that the “estimated losses are primarily a result of the Company’s participation in syndicates at Lloyd’s.”
Was this article valuable?
Here are more articles you may enjoy.
Longtime Alabama Dentist Charged With Insurance Fraud in 2025 Office Explosion 
Why Power Outages Do More Economic Damage Than We Think 
Kin Moves Into Florida and Texas With Home-Auto Bundle Products 
Accuweather: Winter Storm to Cause Up to $115B in Damage, Economic Losses 
