Farmers Notes Hurricane Loss Numbers

Los Angeles-based Farmers Insurance Group of Companies announced the estimated losses experienced by its Property and Casualty Insurance Exchanges from the four hurricanes that affected the southeastern United States in recent weeks. As of today, the Farmers Exchanges estimated net losses are $110.9 million.

Farmers said these losses are within expected total catastrophe losses for the year and will not affect its plans for surplus growth in the Insurance Exchanges in 2004.