Fireman’s Fund Takes a Hit From Hugo:...
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Fireman’s Fund Takes a Hit From Hugo: The insurer, based in Novato, Calif., said the financial impact of claims caused by last month’s Hurricane Hugo will amount to about $35 million to $40 million pretax in the company’s third quarter. The cost reflects anticipated reimbursements from reinsurers that agreed to take on a share of possible claims.
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