Everest Re Estimates Cat Loss
Everest Re Group, Ltd. (NYSE:RE) expects net loss from claims arising from floods in Thailand to range between $100 million and $125 million, after reinstatement premiums and taxes. The loss to the industry is expected to total $10 billion and $15 billion. The Thai floods occurred after three big typhoons. The company also estimates an [...]
Everest Re Group, Ltd. (NYSE:RE) expects net loss from claims arising from floods in Thailand to range between $100 million and $125 million, after reinstatement premiums and taxes. The loss to the industry is expected to total $10 billion and $15 billion.
The Thai floods occurred after three big typhoons.
The company also estimates an increase of about $26 million to its net after-tax loss estimate from the Japan earthquake.
The company over the last few quarters continued to suffer cat losses. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards