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.
US P/C Rebounds to Post Q1 Underwriting Gain; Net Income Doubles 
Virginia’s New Gun Laws Challenged by Some Local Prosecutors and Lawsuits 
5 Years After Surfside Collapse: Safer Condos, More Transparency for Underwriters 
AM Best Upgrades Credit Ratings of Missouri’s Columbia 
