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.
What Happens to Property Pricing in ’27, Insurance, Reinsurance Execs Ask 
‘Ghost Broker’ Who Procured 1,120 Policies Through Fraud Arrested 
A Super Yacht Armada Came to Miami, Leaving a Marine Graveyard in Its Wake 
Virginia’s New Gun Laws Challenged by Some Local Prosecutors and Lawsuits 
