Cincinnati Financial Corp and Selective Insurance Group preannounced Q2 catastrophe losses today ahead of publishing full financials as the toll from wind, hail, thunderstorms and tornadoes in the period continues to mount.
Although the losses pale next to those suffered by the sector in the prior-year period, they will nonetheless dent second quarter earnings for a number of US P&C insurers.
Cincinnati Financial, which was badly hit by weather losses in the first half of last year, said it expects...
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