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Swiss Re Sees $1.2 B In Katrina Claims

Swiss Re announced today it will not meet earnings estimates in the face of its projections that the insurance industry's total insured loss from ...

By Staff Writer | Updated on March 04, 2005

Swiss Re announced today it will not meet earnings estimates in the face of its projections that the insurance industry’s total insured loss from Hurricane Katrina will be about $40 billion and its own claims will hit $1.2 billion.

As a result the company will have to raise its prices, announced Swiss Re Chief Executive Officer John Coomber.

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