Chaucer's new owner The Hanover is to take catastrophe losses of $145mn-$160mn in the second quarter, more than doubling the US insurer's previous loss tally from tornadoes in April.
The Hanover previously reported $70mn-$85mn in losses from the April tornadoes but has increased this figure to $145mn-$160mn for Q2.
The increase was largely due to the tornadoes that affected Joplin, Missouri, with some costs also coming from storms that affected Massachusetts from 31 May-1 June.
A trio of major US...
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