PCS issues initial Harvey loss toll of $15.9bn

Data provider Property Claims Service (PCS) has pegged the insured
industry loss from August's Hurricane Harvey at $15.9bn,
The Insurance Insider understands.
Sources told this publication that the $15.7bn Texas component of
the loss broke down as $3.1bn for personal lines property, $8.2bn
for commercial property and $4.4bn of auto property.
The loss is a private insured loss and excludes the substantial
claims that will be borne by the National Flood Insurance Program
(NFIP).
The ultimate PCS l