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.
Hurricane Isaias Reaches Cat 3 Status as Insurers, Adjusters, Property Owners Prepare 
‘Unusual’ Isaias Brings Winds, Downed Trees But Fewer Claims Than Expected 
Two Past Hurricanes, OIR Data Give Idea of What to Expect From Isaias in Florida 
AI’s Water Strain Includes Surging Demand From Electricity Use 
