Courtesy of Benzinga
Tower Group (Nasdaq: TWGP) announced today that it expects to include in its second quarter earnings results $8 million in pre-tax charges from the unusually severe weather activity that occurred in April, May and early June 2011. Tower expects the weather-related losses will reduce its second quarter earnings by $0.13 per share. Tower expects 2011 operating earnings per share to be at the lower end of its previously announced range of $2.70 to $2.90.
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