Infinity P&C sees up to $15mn Harvey losses

Alabama-based auto insurer Infinity Property and Casualty has
said it expects pre-tax losses from Harvey to be between $10mn and
$15mn.
Infinity said yesterday that as of Tuesday it had received 2,506
auto claims from the hurricane and the flooding that followed,
inundating Texas.
The $10mn to $15mn figure is net of reinsurance and is
equivalent to $6.5mn to $9.8mn after tax.
Infinity added that it has $95mn of cat reinsurance, with an
excess of $5mn. The first $10mn of...