Hawaiian Company to Take Big Charge: Hawaiian Electric Industries said its property-casualty insurance unit expects to pay about $145 million in Hurricane Iniki claims, forcing the parent company to take a third-quarter charge of between 62 cents and 74 cents a share. The figures are a preliminary estimate, Robert Clarke, president and chief executive, said in a statement. The company expects a more definitive damage assessment around Oct. 20, when it announces third-quarter results. The company is now expected to earn about $2.64 a share for 1992, according to a consensus estimate of seven analysts polled by Zacks Investment Research. All other Hawaiian Electric units, including the utility and savings bank, sustained little or no hurricane damage.
From Times Staff and Wire Reports
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