State Auto warns of $34mn in Q1 cat losses

State Auto Financial has warned that its first-quarter results
will reflect around $34mn in net catastrophe losses.
The regional property and casualty player based in Columbus,
Ohio said today that 13 events during the period had contributed to
the bill.
Storm losses were widespread across the Ohio Valley region,
South Carolina, Texas, Mississippi and Georgia.
The worst of the losses stemmed from five wind and hail storms
that struck in March and cost around $27mn.
State Auto said that just...