RLI Corp (RLI) Announces Hawaiian Wildfire Loss Estimates
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RLI Announces Hawaiian Wildfire Loss Estimates
August 23, 2023 4:13 PM EDTPEORIA, Ill.--(BUSINESS WIRE)-- RLI Corp. (NYSE: RLI) RLI Corp. (RLI) announced today an estimated range of pretax net catastrophe losses from Hawaiian wildfires of $65 million to $75 million, to be reflected in the third quarter of 2023. This range, which is net of reinsurance recoverables and includes reinstatement premiums, is based on the impact to approximately 200 structures where RLI provided primarily homeowners insurance. Loss estimates are subject to change due to the complexity of the claims and preliminary nature of the information currently available.
RLI has served homeowners in Hawaii for more than 25... More
