Seattle-based insurer Safeco said losses from last month's Oregon and Washington windstorms will amount to an estimated $30 million in catastrophe losses, costing it $20 million after-tax, or 18 cents per share.
The carrier said the figures represent estimated losses both from claims received through Jan. 4 and from future expected claims from policyholders with storm damage from this event.
"December's windstorm was the worst to hit the Pacific Northwest in more than a decade," said Paula Reynolds, Safeco president and chief executive officer, in a statement.
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