St. Paul Says Surety Exposures Are Immaterial

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.