FBR MD Says Harvey Will Mostly Impact Primary Insurers

The video discusses the trajectory of insurance losses, focusing on private insured losses excluding flood losses, which are estimated to be in the low single-digit billions. It highlights the distinction between private insurers and federal coverage for flood losses. The discussion also covers the impact on reinsurers, particularly in the context of a water event with minimal wind damage. The video further explores the exposure of companies to commercial property losses, emphasizing the potential for business interruption claims in the energy sector.

What is the estimated range for private insured losses outside of flood losses?

What factors are considered when budgeting for catastrophe losses?

How do flood losses differ in terms of coverage compared to private insured losses?

What is the expected impact of the event on reinsurers according to the text?

Which companies are mentioned as being most exposed to commercial property losses?