The Erie Insurance Group announced that it has received loss notification from approximately 6,600 policyholders as a result of severe ice, snow and flooding Feb. 14-18 and Feb. 21-23, 2003. It gave preliminary loss estimates of around $25 million.
“Erie Indemnity Company, the management company for the Erie Insurance Group, will incur pre tax losses in its underwriting operations of approximately $1.4 million,” said the company. “The storm losses equate to approximately $0.01 per share, after taxes.”
Topics Profit Loss Windstorm
Was this article valuable?
Here are more articles you may enjoy.
Florida Grand Jury Finds DeSantis Admin Misused $10M; Yaworsky Signed Off on it 
Willis Towers Watson Accuses Lockton of ‘Smash and Grab’ of Construction Team 
‘Cockroaches in My Food’ Claim Leads to Insurance Fraud Charge 
Lockton Named in NBA Investigation Into Clippers Salary Cap Circumvention 
