Weather-related losses this spring took a toll on CUNA Mutual Group's net income in the first half with a drop to $51 million from $63 million a year ago.
In a report this week, CUNA Mutual said that "like most property and casualty insurance companies" it incurred more weather-related losses in the first half of 2011 than in all of 2010.
Spring tornadoes in northern Alabama and Joplin, Mo along with Midwest flooding and the Southwest drought resulted in losses in auto and home business and the insurer's crop insurance program, CUNA Mutual said.
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