BIRMINGHAM, Ala., April 11 /PRNewswire-FirstCall/ — Infinity Property and Casualty Corporation announced today that as a result of a settlement agreement and the benefit of reinsurance, the impact to Infinity’s first quarter 2006 earnings from the recent jury verdict against its subsidiary, Atlanta Casualty Company, will be less than $600,000 or $0.02 per diluted share. The legal proceeding related to a 1992 automobile accident involving an Atlanta Casualty Company policyholder.
Infinity Property and Casualty Corporation is a national provider of personal automobile insurance with a concentration on nonstandard auto insurance. Its products are offered through a network of approximately 15,000 independent agencies. For more information about Infinity, please visit http://www.ipacc.com/.
Infinity Property and Casualty Corporation
CONTACT: Amy Starling, AVP, Investor Relations of Infinity Property andCasualty Corporation, +1-205-803-8186
Web site: http://www.ipacc.com/