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BRIEF-1347 Property Insurance Holdings provides preliminary estimate of catastrophe losses from Hurricane Harvey
September 1, 2017 / 12:12 PM / 3 months ago

BRIEF-1347 Property Insurance Holdings provides preliminary estimate of catastrophe losses from Hurricane Harvey

Sept 1 (Reuters) - 1347 Property Insurance Holdings Inc

* 1347 Property Insurance Holdings Inc - ‍Through its wholly-owned subsidiary, Maison Insurance Company is providing update regarding Hurricane Harvey​

* 1347 Property Insurance Holdings Inc - ‍Company expects to incur losses with respect to insurance claims related to damage resulting from hurricane​

* 1347 Property Insurance Holdings - ‍Hurricane primarily impacted co’s Texas policyholders along with relatively smaller number of Louisiana policyholders​

* 1347 Property Insurance Holdings Inc - ‍“Expect our losses to arise primarily from South Texas where strong winds made landfall”​

* 1347 Property Insurance Holdings - Have significant number of policies in greater Houston area where we have not yet been able to assess losses on site​

* 1347 Property Insurance Holdings Inc - Expect gross losses to exceed $5 million per occurrence retention of catastrophe excess of loss reinsurance program​

* 1347 Property Insurance Holdings - ‍Pre-tax losses arising from Hurricane Harvey incurred by co, net of reinsurance, not expected to exceed $5 million​ Source text for Eikon: Further company coverage:

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