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RLI QUANTIFIES HURRICANE DAMAGE ESTIMATES

 RLI QUANTIFIES HURRICANE DAMAGE ESTIMATES
 PEORIA, Ill., Oct. 6 /PRNewswire/ -- RLI Corp. (NYSE: RLI), a


specialty property and casualty insurance company, today quantified its previous "minimal" damage estimates resulting from Hurricanes Andrew and Iniki.
 The two hurricanes together produced a total of 21 claims to date totaling approximately $600,000 after reinsurance. These losses, to be included in the company's third quarter results, will reduce earnings by $.07 per share.
 RLI's exposure to aviation and incidental commercial property risks in the Southeast and Hawaii were limited by its meticulous adherence to strict underwriting standards and prudent reinsurance placements. Although more claims may be reported and the impact of both events will likely take several more weeks to completely unfold, the company's claim staff believes they have conservatively estimated the storms ultimate impact on RLI's insurance subsidiaries.
 RLI previously announced consolidated earnings for the first six months of 1992 reached $6.2 million ($1.09 per share) on gross sales of $115.2 million, compared to earnings of $5.5 million ($.97 per share) on gross sales of $107.9 million in the same period of 1991.
 RLI Corp., underwrites selected property and casualty insurance products and markets contact lenses, related products and practice automation systems to the ophthalmic industry. RLI Corp. is traded on the New York Stock Exchange, symbol RLI.
 -0- 10/6/92
 /CONTACT: James E. Zogby, treasurer of RLI Corp., 309-693-5880/
 (RLI) CO: RLI Corp. ST: Illinois, Florida, Hawaii IN: INS SU:


PS-AH -- NY069 -- 7159 10/06/92 14:55 EDT
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Publication:PR Newswire
Date:Oct 6, 1992
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