National Security projects up to $4.5mn in Matthew loss claims

Regional insurer National Security Group expects losses from
Hurricane Matthew to be in the range of $3.5mn to $4.5mn from
clients in Georgia and South Carolina, the Elba, Alabama-based
company said late Wednesday.
After catastrophe reinsurance coverage, the company said its net
Matthew-related losses will range from $3.5mn to $4mn, its
retention maximum. After taxes, the insurer said, the losses will
cut its fourth-quarter income to a range of $2.31mn to $2.64mn.
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