Cat events to reduce National Security Q2 earnings

US regional insurer National Security Group has estimated that
its P&C unit incurred $4.8mn in second quarter catastrophe
losses from 13 events, more than double the hit recorded in Q2
2016.
Net of tax, these losses are expected to reduce second quarter
net profit by $3.2mn, or $1.25 per share, the carrier said.
In the six months to 30 June, National Security Fire &
Casualty Company was impacted by 21 catastrophe events producing
1,856 policyholder claims with estimated losses expected..