Cincinnati-based American Financial Group Inc. announced that its principal property and casualty insurance subsidiary, Great American Insurance Company, was notified of an arbitration decision resulting from its share of a property fire and business interruption claim.
The company has not yet received a copy of the written decision. Based on preliminary information, the company believes that its range of after tax loss, net of recorded reserves, will be between $20 and $30 million, or 29 to 43 cents per share.
AFG is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses, and in the sale of annuities, life and supplemental health insurance products.
Was this article valuable?
Here are more articles you may enjoy.
Ford to Recall About 223,500 Vehicles Over Fuel Tank Issues 
Appeals Court Throws a Wrench into Part of Georgia’s 2025 Tort-Reform Law 
Where Have all the Atlantic Hurricanes Gone? 
New York Law Confirms Insurer Liability for Bad Faith Includes Third-Party Claims 
