Hiscox profit hit by revised hurricane hits
Hiscox said this morning that its estimated loss from Hurricane Wilma was $45m. It has also revised its estimates from previous hurricanes. Hurricane Katrina is now estimated to have cost $125m, up from $15m, although estimated loses from Hurricane Rita remain unchanged at $70m.
In a statement the company said the effect of the estimated losses from Hurricane Wilma and the additional loss from Katrina will be to reduce Hiscox's pre-tax profit for the year ending 31 DecemberOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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