ACE Estimates Gustav, Ike Losses at Around $315 Million
ACE Limited announced from its headquarters in Zurich that it estimates net after-tax losses in the third quarter for the ACE Group of Companies from catastrophes, including Hurricanes Gustav and Ike, will amount to approximately $315 million, including reinstatement premiums.
Source: ACE Group – www.acelimited.com
Popular Today
- US High Court Declines Appeal, Upholds Coverage Ruling on Treated Wood
- Changing the Focus of Claims, Data When Talking About Nuclear Verdicts
- Survey: Majority of P/C Insurance Decision makers Say Industry Will Be Powered by AI in Future
- US Faces Growing Crisis Over High Traffic Deaths, NTSB Chair Says
Popular This Month