Heritage estimates $500mn Matthew impact

Floridian insurer Heritage said yesterday that it could take about
$500mn of losses from Hurricane Matthew, ahead of the storm's
downgrade to a category 3 event.
CEO Bruce Lucas first made the $500mn loss projection during
comments on CNBC yesterday, although since then the storm's
forecast track has taken a somewhat more favourable turn for
Florida.
"As of this morning [7 October], Hurricane Matthew has
remained east of the Florida coast. As a result, projected losses
could be substantially low