Cincinnati-based American Financial Group Inc. announced that its principal property and casualty insurance subsidiary, Great American Insurance Company, was notified of an arbitration decision resulting from its share of a property fire and business interruption claim.
The company has not yet received a copy of the written decision. Based on preliminary information, the company believes that its range of after tax loss, net of recorded reserves, will be between $20 and $30 million, or 29 to 43 cents per share.
AFG is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses, and in the sale of annuities, life and supplemental health insurance products.
Was this article valuable?
Here are more articles you may enjoy.
Nationwide: Consumers Say Insurance Should Evolve for Micromobility Vehicles 
Electric Bills in Coal Country West Virginia Now Top Mortgage Payments 
Chubb Q1 Net Income Increases 74% on Fewer Catastrophe Losses 
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
