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.
Space Startups Seek Insurance for Orbital AI Data Centers 
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
Capital Factory CEO Killed in Private-Jet Crash in Texas 
Zurich Sees Data Center Boom Spurring Insurance Securitization 
