R&SA Adds $100 M To WTC Reserves
NU Online News Service, Aug. 8, 10:00 a.m. EST?Royal & Sun Alliance Insurance Group plc, the parent of Royal & SunAlliance USA, reported a $100 million addition to its reserve provision for losses from the World Trade Center disaster this morning, in conjunction with its six-month earnings report.
The earnings announcement said that the reserve addition accounted for nearly all of the difference between operating earnings for first-half 2002 and first-half 2001.
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