Unitrin Estimates Less Than $10 Million in Charley, Frances Losses

Chicago-based insurer Unitrin Inc. announced that it expects that its net losses resulting from both Hurricanes Charley and Frances combined will be less than $10 million after-tax. Unitrin had previously disclosed that its net losses from Hurricane Charley alone would be less than $5 million after-tax.

Unitrin’s subsidiaries are engaged in three businesses: property/casualty insurance, life and health insurance, and consumer finance.