Reinsurers scramble to assess Harvey impact

Early indications point to Hurricane Harvey being more a flood
loss than a wind loss, and more of a primary insurance event than
one to keep reinsurers awake at night.
But as the flood waters continue to rise in Houston this week
and damage begins to be assessed along the Texas coast, reinsurers
will nevertheless be seeking to identify exposures from multiple
types of cedant.
There has inevitably been some focus on the state- and
government-backed residual insurers that tend...