Markel Boosts Reserves By $105 Million
NU Online News Service, Oct. 22, 2003, 4:14 p.m. EDT?Markel Corporation announced today it has boosted reserves by $55 million to cover asbestos and environmental exposures and has also increased its Investors Brokered Excess and Surplus Lines unit's prior years' loss reserves by $50 million.
These reserve charges will be reflected in the company's third-quarter results, to be announced next week, Markel said.
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