Exhibit 28.1

Information from reports furnished to state insurance regulatory authorities -
Reconciliation of reserves for unpaid losses and settlement expenses.

The domestic insurance subsidiaries of the Company are required to file 
annual statements with state insurance regulatory authorities prepared on an 
accounting basis prescribed or permitted by such authorities (statutory 
basis).  The differences between the net liability reported in the 
accompanying consolidated financial statements in accordance with generally 
accepted accounting principles (GAAP) and that reported in the annual 
statutory statements are as follows:




                                                      At December 31, 1997 
                                                            (In thousands)
                                                            -------------- 
                                                              
          Net liability reported on a statutory basis            $242,812 

          Adjustments:
           Interest imputed on commutation settlements               (258)
                                                                     ----

          Net liability reported on a GAAP basis                 $242,554 
                                                                 --------


          Reconciliation of the GAAP net liability:

          Gross unpaid losses and settlement expenses            $404,264 
          Reinsurance balances recoverable on unpaid losses
           and settlement expenses                               (161,710)
                                                                 --------

          Net liability reported on a GAAP basis                 $242,554 
                                                                 --------




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