logo
Share SHARE
FONT-SIZE Plus   Neg

State Auto Financial Reveals Estimate Of Q1 Storm Activity Impact - Quick Facts

State Auto Financial Corp. (STFC) said it estimates first quarter results will include between $19 million and $21 million in pre-tax catastrophe losses. This estimate reflects anticipated recoveries under the State Auto Group's property catastrophe excess of loss reinsurance agreement and homeowners quota share reinsurance arrangement.

These catastrophe losses primarily related to the early March tornado, wind and hail activity in the southern United States that moved into the Ohio Valley region. Approximately 85% of these losses came from the states of Kentucky, Indiana and Tennessee.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The holiday throng seeking to take a flight out to their preferred destinations at the at New York's Kennedy International Airport ahead of the Memorial Day holiday were in for a rude shock. Technology played a spoilsport, as a computer system broke down Sunday evening at a terminal, causing flight delays and cancellations that resulted in manual check-in process for thousands of holiday passeng The month of May saw the FDA greenlight 5 new drugs, including 1 new molecular entity, and surprisingly turn down 1 drug candidate, whose approval was considered a no-brainer by some experts. Lab equipment maker Thermo Fisher Scientific Inc. has agreed to acquire electron microscope maker FEI Co. for about $4.2 billion in cash, the two companies said Friday. Thermo Fisher noted that FEI's electron microscopy platform will complement its own mass spectrometry systems to accelerate advancements in structural biology.
comments powered by Disqus
Follow RTT