RLI Corp. Provides Catastrophe Losses Estimates for the Third Quarter of 2021
October 06, 2021 at 04:10 pm EDT
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RLI Corp. provided Catastrophe Losses estimates for the third quarter of 2021. The company announced an estimated range of pretax catastrophe losses of $30 million to $35 million, net of reinsurance, in the third quarter of 2021. These estimates include losses from Hurricane Ida and other catastrophes that occurred during the quarter. The company’s loss estimates are subject to change due to the complexity of the claims and preliminary nature of the information available to prepare the estimates. Updated loss estimates related to recent catastrophes will be reflected in the company’s third quarter 2021 results.
RLI Corp. is a specialty insurer serving niche property, casualty, and surety markets. The Company provides underwriting expertise and service to commercial and personal line customers nationwide. The Companyâs segment includes Casualty, Property and Surety. The casualty portion of its business consists largely of commercial excess, personal umbrella, general liability, transportation, and management liability coverages, as well as package business and other specialty coverages, such as professional liability and workerâs compensation for office-based professionals. Its Property segment is comprised primarily of commercial fire, hurricane, earthquake, difference in conditions and marine coverages. Its Surety segment specializes in writing small to medium-sized contract surety coverages, including payment and performance bonds. Its products are offered through its insurance subsidiaries, RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company.
RLI CORP. 
