Hartford estimates losses from Superstorm Sandy at $370 million

The Hartford Financial Services Group Inc. said on Tuesday that the losses stemming from Superstorm Sandy would total approximately $370 million, before tax.

The company said that approximately 60% of the losses were incurred by its property/casualty commercial lines business, while 40% of the losses were incurred by its personal lines business.

However, the company stressed that those estimates are preliminary and expected to change and that the ultimate amount of losses attributable to Sandy could be “materially different” from the initial estimates.