The St. Paul Cos. responded to published reports today regarding unsecured creditors of Sunbeam Corp., that the company’s surety exposures related to the Sunbeam Corporation bankruptcy filing are immaterial.
“We have not yet received any claims relating to Sunbeam, and we expect our maximum net exposure to be $5 million or less,” said Paul Liska, executive vice president and chief financial officer.
Was this article valuable?
Here are more articles you may enjoy.
Progressive Now 4th Largest Global Insurer; RenRe Fastest Growing in ’24 
CyberCube: Insured Loss Estimate From AWS Outage Likely About $40M 
AIG to Acquire Renewal Rights of Everest’s Retail Commercial Business Worth $2B 
The Future of the Agency in a World of AI 
