The National Security Group, Inc. Releases Estimates of Spring Storm Losses
National Security Group, Inc. (NSEC)
US:NASDAQ Investor Relations:
nationalsecuritygroup.com/investors/investors.aspx
Company Research
Source: Business Wire
ELBA, Ala.--(BUSINESS WIRE)-- The National Security Group, Inc. (NASDAQ:NSEC) released estimates of 2017 year to date spring storm losses incurred by property and casualty subsidiary National Security Fire & Casualty and a preliminary estimate of the impact of storm losses on first quarter results. Our property and casualty segment can be impacted by severe storm activity resulting in incurred losses and loss adjustment expenses primarily from tornado, wind and hail related damage. These storm systems or other natural disasters are classified as catastrophes (referred to as "cat events" or "catastrophe events" throughout the remainder of this document) by Property Claim Service (PCS) when these events cause $25 million or more in industry wide direct incurred losses and affect a significant number of policyholders. During the first quarter of 2017, National Security Fire & Casualty Company (NSFC)
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