ILWs on watch as Harvey losses rise

PCS has increased its loss number for Hurricane Harvey to $17.1bn
from $15.7bn, according to Trading
Risk sources.
This has taken the loss tally for aggregate industry loss
warranties (ILWs) covering US perils to $38.7bn for hurricanes Irma
and Harvey as well as the Tubbs wildfire.
This includes PCS' most recent $14.2bn US-related Irma
figure and its $7.7bn tally for the Californian wildfire.
Aggregate ILWs typically only cover US states and therefore
exclude offshore territories such as Puerto