NU Online News Service, June 15, 1:19 p.m. EDT
State Auto Financial Corp. says it expects between $45 million and $50 million in pretax catastrophe losses from U.S. storms in May.
This total is in addition to between $75 million and $85 million in losses from April storms. State Auto says that prior to 2011, its historic five-year second-quarter average catastrophe loss ratio is 18 percentage points, or $50 million in losses.
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