Highlands Insurance Group Inc. announced Monday it expects to report a significant loss for the fourth quarter and the full year.
As a result, the company is looking to hire an investment banker to explore financial alternatives. The company said the losses are due to an increase in loss and expense reserves from commercial multi-peril and workers’ compensation.
The company was expected to release 2000 earnings on March 15, but said it now expects to release its results as “soon as practicable in the next several weeks.”
Topics Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Connecticut High Court: Injured Rental Car Occupants Covered for Uninsured Motorist 
Toilet Paper Warehouse Fire Investigators Review Viral Video 
Florida Mobile Home Insurance Market Still Struggling With Premiums, Coverage 
Lululemon Slips as Texas Announces Probe of ‘Forever Chemicals’ 
