Cedar Rapids insurer’s earnings take hit from hurricane season

Cedar Rapids insurer’s earnings take hit from hurricane season

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BPC Staff | Nov 15, 2017 | 9:44 pm |

<1 min read time

| 52 words | All Latest News, Insurance & Investments, Iowa News

United Fire Group reported a net loss of $17.9 million, or 72 cents per diluted share, in its third quarter as it struggled under the weight of hurricane catastrophe losses and more severe commercial auto losses.

Corridor Business Journal: United Fire Group reported a net loss of $17.9 million, or 72 cents per diluted share, in its third quarter as it struggled under the weight of hurricane catastrophe losses and more severe commercial auto losses. The Cedar Rapids-based insurer reported catastrophe losses of $30.7 million during the quarter.

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