Fairfield, Ohio-based Ohio Casualty Corporation Friday announced a preliminary estimate of its expected losses resulting from the New York terrorist attack Sept.11. The estimated pre-tax cost of claims is $5 to $7 million, net of reinsurance.
The member companies of Ohio Casualty Group have 35 policies in force in the Manhattan area south of New York University. President and CEO Dan R. Carmichael stated, “We anticipate most of the claims to be property-related, including business interruption.”
Topics Profit Loss Ohio Casualty
Was this article valuable?
Here are more articles you may enjoy.
AIG Files Amended Suit Against Former Execs, Dellwood Insurance 
Beryl’s Remnants Spawned 4 Indiana Tornadoes, Including an EF-3: NWS 
Wall Street Pushes Back After Activists Escalate Protests 
Deere Retreats From Diversity Measures After Online Attacks 
