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HURRICANE ANDREW NET PRETAX COST TO EXCEED $100 MILLION

 HURRICANE ANDREW NET PRETAX COST TO EXCEED $100 MILLION
 ST. PAUL, Minn., Aug. 27 /PRNewswire/ -- Insured losses resulting


from Hurricane Andrew, in Florida and Louisiana, will range from $100 - $125 million pretax, The St. Paul Companies (NYSE: SPC) said today. This estimate takes into account the losses of all of The St. Paul's operations, including reinsurance. The estimate is twice the cost of Hurricane Hugo, which was $50 million in 1989. The St. Paul currently estimates industry losses at $8-$10 billion.
 -0- 8/27/92
 /CONTACT: Beth Hamel of The St. Paul Companies, 612-221-7380/
 (SPC) CO: The St. Paul Companies ST: Minnesota, Florida, Louisiana IN: FIN SU:


KH -- MN011 -- 4115 08/27/92 16:37 EDT
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Publication:PR Newswire
Date:Aug 27, 1992
Words:117
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