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.
Nine-Month 2025 Results Show P/C Underwriting Gain Skyrocketed 
Pipeline Explodes at Delfin LNG Planned Project in Louisiana 
Inside the Toxic Legacy of Georgia-Based Mulitbillion-Dollar Carpet Empire 
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators 
