Symons losses deepen, regulatory authorities
Two subsidiaries of the troubled Symons International Group Inc. are hours of the Indiana Department of Insurance, the company said in its 1999 annual report last week.
The reason is perhaps, you will find on Symons’ profits and losses. The 1999 report showed a loss of a staggering combined $ 80.8 million in gross premium income of $ 473.7 million for crop insurance and irregular shape of the auto insurance business.
The previous year, the company with a deficit of $ 14.4 million.
The insurance division came after an audit of financial reports Symons, Deputy Commissioner, Liz Carroll, said: “We monitor all our domestic firms
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