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State Auto Financial estimates $56M in Q3 cat losses

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State Auto Financial estimates $56M in Q3 cat losses

State Auto Financial Corp. estimated $32.5 million in pretax losses from the impact of Hurricane Harvey and $23.0 million from Hurricane Irma.

Excess and surplus property is forecast to account for 80% of the storm losses.

Total pretax losses for the third quarter are expected to be $56.1 million.