EMC puts Q3 net cat loss at $29.4mn

Property and casualty (re)insurer EMC estimated its third
quarter net catastrophe losses at a record $29.4mn, primarily from
the period's three major hurricanes and mostly in its
reinsurance segment.
Hurricane Harvey, which flooded the Houston area in August,
resulted in estimated gross losses of $9.0mn, while Irma, which hit
Florida, produced $7.5mn and Maria generated $3.0mn when it swept
through the Caribbean, devastating Puerto Rico and the US Virgin
Islands, the company said today.
In addit