RLI Corp. announced an estimated range of pretax losses from Hurricane Katrina of $15 million to $19 million, net of reinsurance ($0.37 to $0.47 per diluted share, after tax). This is based on projections by the company’s catastrophe management systems and claim activity to date.
The company expects most of its reported losses to be in the commercial property, program, construction and marine lines of business.
RLI, a specialty insurer based in Peoria, Ill., offers a diversified portfolio of property and casualty coverages and surety bonds serving “niche” or underserved markets. RLI operates in all 50 states from 23 office locations.
Topics Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
FCC Bans Wireless Router Imports, Citing Security Concerns 
Viewpoint: Insurance Broker Valuations – The Elephant in the Room 
AccuWeather Atlantic Hurricane Season Forecast: 11-16 Named Storms 
Bessent Says Hormuz Ships Insurance Program to Start Soon 
