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.
Anthropic Plans Wide Release of Mythos-Level AI Models in Weeks 
After Complaint, GEICO Agrees to Modify Cancellation Process That Uses AI 
First Brands Hit by $286 Million Claim for Alleged Tariffs Fraud 
Florida’s Property Tax Plan Risks Charging Fees for ‘Everything’ 
