FedNat provides Irma loss outlook

Federated National expects to pay out $300mn in coming months to
cover claims from Hurricane Irma but said net of reinsurance cover
it will only take $18mn from its pre-tax third quarter results.
One of several publicly traded property and casualty insurers with
a Florida focus, the insurer also said Monarch National, a
homeowners underwriter that is 42.4 percent owned by FedNat,
expects to have $10mn in aggregate gross liabilities from Irma. But
the carrier expects losses net of reinsurance...