Selective Insurance announced a preliminary pre-tax gross Hurricane Sandy loss of between $100M-$120M and a pre-tax net loss of approximately $52M, including reinstatement premiums and reinsurance recoveries. About two-thirds of the claims are in personal lines with the remaining in commercial lines. One area of uncertainty remains business interruption claims, which are included in the estimates but are still developing as some businesses are not back to full operation. Selective expects record claim activity this quarter that will generate estimated, pre-tax, claim service revenue of $12M, which will partially offset the $52M loss. Together, these items will impact the fourth quarter statutory combined ratio by approximately 10 points and add an anticipated 2 points to our previous 2012 full-year guidance for the statutory and GAAP combined ratios.