Hamblin warns on Harvey flood exposure

Texan flood losses coming into the London market following
Hurricane Harvey could be far greater than initially thought,
Blenheim Syndicate 5886 active underwriter John Hamblin has warned.
In fact the underestimation of flood exposure in Texas could be
enough to alter market conditions, Hamblin told an audience of
Lloyd's Names at the Association of Lloyd's Members autumn
conference today.
"Things will only change on an almighty scale when the cost
of capital assumed by the insurers in their pla