Des Moines, Iowa-based EMC Insurance Group announced that it will strengthen its bulk loss and settlement expense reserves by about $2.9 million for the second quarter. The company also estimated additional storm losses of $4.1 million for a 2004 total of $5 million, compared to $10.3 million through June 2003.
EMC said the reserve action was taken after a regularly scheduled actuarial analysis of the company’s books.
Topics Profit Loss Windstorm
Was this article valuable?
Here are more articles you may enjoy.
Florida Insurance Costs 14.5% Lower Than Would Be Without Reforms, Report Finds 
Maine Plane Crash Victims Worked for Luxury Travel Startup Led by Texas Lawyer 
What Analysts Are Saying About the 2026 P/C Insurance Market 
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk 
