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.
Warren, Hawley Press Insurers Over Closed, Unpaid Claims 
Hackers Breached Propulsion System of US-Bound Oil Tanker 
Large Commercial Property Rates Drop 14.5% in Q2 to Highlight Latest Willis Report 
Industry Reacts to Senators’ Letter for Claims Data and Recent Reports 
