NU Online News Service, Nov. 9, 12:15 p.m. EST

EMC Insurance Group Inc. says a record $26.4 million in third-quarter catastrophe losses, combined with a drop in investment income, caused the insurer to report a net loss of $4.1 million for the quarter.

Last year during the same period the Des Moines, Iowa-based business and personal insurer posted a $7.5 million gain.

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