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.
CBIZ Brokerage to Be Spun Off, Backed by Private Equity, After $5B Grant Thornton Deal 
Product-Defect Presumption Lives On: Florida Appeals Court Upholds $103M vs. Ford 
American Family to Acquire Bowhead Specialty in $1.2B Cash Deal 
UBS Fined $125M by US Regulators for Money Laundering Violations 
