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.
Indiana Church Not Owed Replacement-Cost Payment for Fire Damage 
Asia’s Rich Having Second Thoughts on Dubai as War Rages 
Stryker Remains Offline After Cyberattack Linked to Iran Group 
Georgia Appeals Court Reverses $345M Judgment Against Insurers in School Sex Abuse 
