By Josh Beckerman 
 

Assurant Inc. (AIZ) expects third-quarter pretax catastrophe losses of about $66 million to $70 million for Hurricane Florence, a storm expected to result in $5 million of net pretax losses and loss adjustment costs at Universal Insurance Holdings Inc. (UVE).

For this month's Hurricane Michael, Assurant said Monday that its preliminary estimate is for pretax losses of $55 million to $85 million at its Global Housing segment.

Universal estimates pretax losses and loss adjustment expenses of $35 million for Hurricane Michael, which could be reduced depending on reinsurance recoveries.

Earlier Monday, Kemper Corp. (KMPR) said it expects third-quarter pretax catastrophe losses of $20 million to $25 million for a wildfire and Hurricane Florence.

Last week, Allstate Corp. (ALL) said September pretax catastrophe losses totaled $177 million, with roughly half of that due to Hurricane Florence.

Assurant also expects $16 million to $19 million of third-quarter pretax losses due to increased reserves on claims for 2017's Hurricane Maria.

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

October 22, 2018 18:58 ET (22:58 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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