Heritage Insurance expects $10.2M net loss for Q1 due to severe Brevard County storm

Heritage Insurance Holdings Inc. (NYSE: HRTG) has announced it expects approximately $10.2 million of net losses due to a severe hailstorm in March in Brevard County. The National Weather Service determined the storm was the most significant hailstorm event in Brevard County history, dumping hail the size of quarters and nickels across the area for up to 10 minutes, according to Florida Today. In total, Heritage expects to incur approximately $15.4 million of net catastrophe losses in this year’s…Original Article