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.
Federal Judge Has ‘Grave Concerns’ About Missouri Roundup Deal 
Lawyers, Traders Among 30 Charged in Global Insider Trading Case 
After Greg Biffle Plane Crash, Police Think ‘Friends’ Stole From His NC Home 
No, Florida Lawmakers Did Not Repeal the No-Fault Auto Insurance Law 
