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FOREMOST CORPORATION OF AMERICA ANNOUNCES HURRICANE ANDREW LOSSES

 FOREMOST CORPORATION OF AMERICA ANNOUNCES HURRICANE ANDREW LOSSES
 GRAND RAPIDS, Mich., Sept. 17 /PRNewswire/ -- Foremost Corporation of American (FCOA) (NASDAQ-NMS: FCOA) today announced that the company's total recorded losses from Hurricane Andrew will be approximately $9 million pre-tax or $.55 per share after tax.
 The losses from Hurricane Andrew did not exceed FCOA's retention limit on its major catastrophe reinsurance program. As a result, the company will not recover any loss costs through reinsurance.
 FCOA has settled over 95 percent of the 2,000 claims reported as a result of Hurricane Andrew, and has closed its emergency claim offices in Florida and Louisiana.
 -0- 9/17/92
 /CONTACT: F. Robert Woudstra of Foremost Corporation of America, 616-956-8218/
 (FCOA) CO: Foremost Corporation of America ST: Michigan IN: INS SU:


ML -- DE003 -- 0467 09/17/92 09:11 EDT
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Publication:PR Newswire
Date:Sep 17, 1992
Words:137
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