RLI Corp. (RLI) says preliminary estimates for losses from Hurricane Sandy will be around $15M -...

|About: RLI Corp (RLI)|By:, SA News Editor

RLI Corp. (RLI) says preliminary estimates for losses from Hurricane Sandy will be around $15M - $20M, net of reinsurance. The estimate is based on reported claim activity to-date and projections based on the company’s catastrophe management systems, so actual losses may differ materially from this initial estimate.