March 13, 2009  
ASBESTOS LITIGATION: Crum & Forster Increases Reserves by $36.2M

Crum & Forster Holdings Corp.'s total latent reserves (including
asbestos) were increased by US$36.2 million in 2008, US$54.5
million in 2007, and US$33.9 million in 2006.

During the nine months ended Sept. 30, 2008, the Company
increased its asbestos reserves by US$25.5 million. (Class
Action Reporter, Nov. 14, 2008)

In 2008, the increase was primarily due to the settlement of an
asbestos-related lawsuit.

In 2007, US$24.3 million of the increase was in asbestos
reserves, US$22.2 million was in environmental reserves and US$8
million was in other latent reserves. The strengthening of
asbestos reserves was partly due to developments related to one
asbestos policyholder.

In 2006, the increase in total latent reserves was primarily due
to developments related to one asbestos policyholder.

Headquartered in Morristown, N.J., Crum & Forster Holdings Corp.
is a national commercial property and casualty insurance
company. The Company writes commercial coverage including
workers' compensation, general liability, commercial automobile,
property, commercial multi-peril, accident and health and other
lines of business.
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