Hartford Estimates $370 Million Gross Losses From Sandy

Hartford Financial Services Group Inc. (HIG), the insurer that’s scaling back life insurance operations to focus on property-casualty coverage, said gross losses from superstorm Sandy will be about $370 million before taxes.

The insurer estimated that its loss net of reinsurance will be $350 million before tax, according to a statement today from the Hartford, Connecticut-based company distributed by Business Wire.

To contact the reporter on this story: Noah Buhayar in New York at nbuhayar@bloomberg.net.

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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