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.
Aon Raises $13.5 Billion From Bond Sale to Fund USI Takeover 
Magnum Says Ben & Jerry’s Chair Fostered Toxic Culture 
US Data Centers Set to Burn More Natural Gas Than Most Nations 
Baldwin Group to Go Private After $7.7B Investment Deal 
