Navigators expects up to $70m pre-tax nat cat loss

Specialty insurer Navigators Group said on Oct. 5 that its estimated financial impact from natural catastrophes in the third quarter ranges from $50 million to $70 million before taxes.

After taxes, the impact is expected at between $33 million and $45 million.

The estimates include potential claims from Hurricanes Harvey, Irma and Maria and the earthquakes in Mexico.

The estimates are subject to change due to the complexity of the events and preliminary nature of the information available. Updated loss estimates will be reflected in the company’s third quarter 2017 results when reported.

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