United Fire Group Inc., headquartered in Cedar Rapids, Iowa, announced that it expects its first-quarter results through March to include pre-tax catastrophe losses, net of reinsurance, of approximately $13 million to $16 million.
These losses are the result of several powerful storms that spawned multiple tornadoes and tore through Midwestern and Southeastern states in the last week of February, including Kansas, Missouri, Illinois, Indiana, Ohio, Kentucky, Tennessee and Alabama.
Topics Profit Loss Windstorm
Was this article valuable?
Here are more articles you may enjoy.
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims 
Oil Trader CFOs Say Hormuz Closure Driving Wave of Disputes 
Palm Beach Billionaires Feud Over Who’s Really Protecting the Everglades 
Are ‘Moderate’ Hurricanes Getting Squeezed Out of the Atlantic? 
