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REFILE-Intact Financial expects train crash, storms to cost C$134 mln in Q3
July 22, 2013 / 11:56 AM / in 4 years

REFILE-Intact Financial expects train crash, storms to cost C$134 mln in Q3

July 22 (Reuters) - Canadian property and casualty insurer Intact Financial Corp said a train crash in Lac-Mégantic, Quebec, and hail storms in July will cost it C$134 million ($129 million) in its third-quarter results.

The impact on third quarter results, net of reinsurance, will be C$1.01 per share after tax, the company said on Monday.

In addition, the company said in the second quarter it would record an after-tax catastrophe loss of C$123 million, or 92 Canadian cents per share, related to flooding in Alberta.

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