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Risk & Regulation
Life and health
The Illinois Department of Insurance is seeking therehabilitation ofLand of Lincoln Mutual HealthInsurance Co. after the Centers for Medicare and Medicaid Servicesdid not allow the suspension of the co-op's federal risk adjustment .
P&C
estimates that itspretax losses in thesecond quarter from natural catastrophes, net of reinsurance and includingreinstatement premiums, will be $390 million.
's preliminarynet loss estimate fornatural catastrophes is about $240 million, pretax and net of reinsurance andreinstatement premiums, for the second quarter.
Theproperty casualty group of CincinnatiFinancial Corp.'s Cincinnati Insurance Cos. expects itssecond-quarter results to include pretax catastrophe of approximately $160 million to$170 million.
'sinitial estimate for second-quarter pretax natural catastrophe is about $65 million, netof reinsurance and reinstatement premiums.
expects torecord a $60.0 million net lossattributable to the company from notable and non-notable loss events in thesecond quarter, according to an initial estimate.
estimates $55.5 million of netnegative financial impact from second-quarter catastrophe events.
estimates that itssecond-quarter results will include pretax catastrophe of approximately $52 million.
expects to record$22 million to $28 million of pretax reportable catastrophe , net of reinsurance, in itsspecialty property operating segment for the second quarter.
estimates its second-quarter operating earnings will include an unfavorableafter-tax impact of$25 million related to several items.
estimates pretax lossesfrom catastrophes of $23 million, net of reinsurance and reinstatementpremiums, for the second quarter.
estimates a net negativefinancial impact in the second quarter of $5.1 million from the Fort McMurraywildfires in Canada, the convective storms in Texas and Europe, and theKumamoto earthquake in Japan.
Meanwhile,Hanover Insurance Group Inc.expects its Chaucer segment to produce an estimated second-quarter of 103% to 105%as major catastrophe and large loss events impacted Chaucer's results.
Switzerland-based reinsurance investment manager TwelveCapital has completed the issuance of a $14.6 million private catastrophe bond,Artemis reported. The company also recently completed the issuance of an $11.5million Dodeka V-2016private cat bond.
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