INSURANCE

From Times Staff and Wire Reports

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.

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