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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Date of Report (Date of earliest
event reported): June 8, 1998
THE ST. PAUL COMPANIES, INC.
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(Exact name of Registrant as specified in its charter)
Minnesota 0-3021 41-0518860
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(State of (Commission File (I.R.S. Employer
Incorporation) Number) Identification No.)
385 Washington St., St. Paul, MN 55102
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(Address of principal (Zip Code)
executive offices)
(612) 310-7911
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(Registrant's telephone number,
including area code)
N/A
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(Former name or former address, if changed since last
report)
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Item 5. Other Events.
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The following information was derived from a press
release of The St. Paul Companies, Inc. dated June 8, 1998:
THE ST. PAUL EXPECTS $25 to $30 MILLION IN LOSSES FROM MAY 30
STORM IN MINNESOTA AND THE MIDWEST
The St. Paul Companies (NYSE:SPC) today announced that
damage from the May 30 storm that hit parts of Minnesota and
the Midwest is expected to result in pretax catastrophe
losses ranging from $25 million to $30 million.
Most of the losses are expected to come from commercial
and personal insurance customers in the Twin Cities
metropolitan area who have received extensive wind damage to
their property.
"This storm has had a devastating effect on our
policyholders, particularly since it came just two weeks
after a similar storm. We are working as quickly as
possible to help these people get on with their lives," said
Douglas W. Leatherdale, Chairman, President and Chief
Executive Officer.
Personal Insurance customers who experienced a loss in
the May 15 storm will not have to pay an additional
deductible on their policy if they experienced a loss in the
May 30 storm.
The St. Paul Companies, headquartered in Saint Paul,
Minnesota, is a group of companies providing property-
liability insurance products and services worldwide.
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned thereunto duly
authorized.
THE ST. PAUL COMPANIES, INC.
By /s/ Bruce A. Backberg
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Bruce A. Backberg
Senior Vice President
and Chief Legal Counsel
Date: June 10, 1998
