Peoria, Ill.-based specialty insurer RLI Corp. has issued a preliminary range of losses from Hurricane Frances of $2 million to $2.5 million on an after-tax basis. This estimate is based on actual claim activity to date in addition to the company’s catastrophe management systems.
In its latest earnings release, RLI, rated “A+” (superior) by A.M. Best Co., reported statutory surplus of $595.2 million.
Was this article valuable?
Here are more articles you may enjoy.
JPMorgan Banker Sues Ex-Colleague Over ‘Fabricated’ Sex Claims 
Comulate Loses Appeal for Injunction Against Applied Systems 
Florida Court Says 2020 Law Gives ‘Very Broad’ Liability Immunity to Rideshare Firms 
Acrisure to Cut 2,250 Employees, Citing Advances in Technology and AI 
