Assurant Inc. expects catastrophe losses for the current quarter, all attributable to Hurricane Matthew, to be about $66 million, pretax and net of reinsurance, or $43 million after tax.
Reportable catastrophe losses for Assurant include individual Insurance Services Office defined catastrophic events in which losses exceed $5.0 million pretax, net of reinsurance.
The event included wind and flooding damage, with losses spread across North and South Carolina, Florida, Georgia, Virginia and the Bahamas.