Liberty Mutual Group, the nation's largest workers' compensation carrier, announced yesterday that it expects net after-tax loss for the company's U.S. and global operations will be in the range of $200 to $300 million from the September 11, 2001, terrorist attacks. The company is waiving any potential "act of war" exclusion on its policies.
In a separate announcement, The Hartford said that its losses from the tragedy could approach $450 million after taxes and net of reinsurance, reflecting the company's best estimate today of its total expected exposure for this event. Approximately $30 m...
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