COLUMBUS, Ohio -- September 26, 2001 -- State Auto Financial Corporation (Nasdaq:STFC) announced today that it expects no appreciable loss from the World Trade Center disaster as the company is not licensed or active in the state of New York.
Chairman Robert H. Moone stated, "It would appear that we may have several small claims from traveling policyholders who lost personal property as a result of this terrible national tragedy. Like all Americans, we grieve for those who lost their lives, yet take comfort in the strength and solidarity of a nation that is once again united and resolved."
State Auto Financial Corporation is a regional property and casualty insurance holding company engaged primarily in writing personal and commercial automobile, homeowners, commercial multi-peril, workers' compensation and fire insurance. The company currently markets its products through more than 21,500 agents associated with approximately 3,400 agencies in 26 states. Products are marketed primarily in the Midwest and Eastern United States, excluding New York, New Jersey and the New England states.