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.
Howden US Tells Judge Brown & Brown Employees Fled Due to ‘Mistreatment’ 
FBI Involved After Two Florida Injury Lawyers Go Missing From Fishing Trip 
Freight Broker Says $400K in Lobster Meat Stolen in Fictitious Pickup 
2 New Jersey Pilots Killed in Helicopter Collision Frequented Nearby Cafe Together 
