CINCINNATI (AP) — Insurer Cincinnati Financial Corp. said Wednesday that its Cincinnati Insurance Cos. expects to post catastrophe losses in the second quarter of $150 million to $200 million.
The amounts are pretax and net of reinsurance, the company said. The losses are due to severe weather in the southern United States in April.
While spring storms typically raise the catastrophe losses above the quarterly average, this year's tornado outbreak had a more dramatic effect, CEO Steven J. Johnston said.
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