Cincinnati pegs Q4 cat impact at up to $85mn

US carrier Cincinnati Financial has estimated its pre-tax
catastrophe loss burden for the fourth quarter at $75mn to
$85mn.
In a statement released today the company said the losses would
have a 6.5 to 7.5 percentage point impact on its combined ratio for
the fourth quarter.
The losses were primarily attributable to Hurricane Matthew and
wildfires in the Gatlinburg, Tennessee area.
Management estimated Cincinnati Financial's total share of
the losses in Tennessee at $55mn, of which around half w