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Assurant expects up to $150M in Q4 cat losses for global housing segment

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Assurant expects up to $150M in Q4 cat losses for global housing segment

Assurant Inc.'s global housing segment could see reportable pretax catastrophe losses of between $110 million and $150 million.

The loss range for the quarter includes an initial view of expected losses related to the November Camp Fire and Woolsey Fire in California and a refined range for losses related to Hurricane Michael. The California wildfire losses were primarily driven by fire damage for lender-placed and manufactured housing products. Hurricane Michael losses are related to wind damage for lender-placed and other housing products.

Assurant's reportable catastrophes include individual catastrophic events that generate losses in excess of $5 million, pretax and net of reinsurance and including reinstatement and other premiums.