The National Security Group, Inc. (NASDAQ:NSEC) releases preliminary estimates of insured catastrophe losses from Hurricanes Sally and Delta along with updated estimates of catastrophe losses from Hurricane Laura incurred by property and casualty subsidiary National Security Fire & Casualty.

Hurricane Sally

On September 16, 2020, Hurricane Sally made landfall near Gulf Shores, Alabama as a category 2 storm. Hurricane Sally had maximum sustained winds of 105 mph at landfall and was the eighth tropical cyclone, in the 2020 Atlantic hurricane season, to impact the continental U.S.

Our pre-tax loss due to Hurricane Sally is expected to be $2,000,000, net of recoveries under our catastrophe aggregate reinsurance. Net of tax, Hurricane Sally will reduce our 2020 earnings by $1,580,000 and will reduce earnings per share by $0.62. The impact of Hurricane Sally will be reflected in our third quarter financial results. To date, we have had approximately 600 claims reported from

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SINGAPORE – Oil prices dropped for a second straight session on Monday as U.S. producers began restoring output after Hurricane Delta weakened, while a strike that had affected production in Norway came to an end.

Brent crude LCOc1 for December fell 55 cents, or 1.3%, to $42.30 a barrel by 0023 GMT and U.S. West Texas Intermediate CLc1 for November was at $40.08 a barrel, down 52 cents, or 1.3%.

Front-month prices for both contracts gained more than 9% last week, the biggest weekly rise for Brent since June, but fell on Friday after Norwegian oil firms struck a wage bargain with labour union officials, resolving a strike that threatened to cut the country’s oil and gas output by close to 25%.

HURRICANE DELTA ROILS OIL RIGS, SQUEEZES GASOLINE PRICES

“We had good support for both Brent

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HOUSTON (Reuters) – Hurricane Delta shut power and toppled equipment at U.S. Gulf Coast oil refineries and closed oil-export ports as its destructive winds and storm surge reached far from its center.

FILE PHOTO: A fallen utility pole is seen after Hurricane Delta hit Cancun in the state of Quintana Roo, Mexico October 7, 2020. REUTERS/Henry Romero/File Photo

Nearly 700,000 homes and businesses in three Gulf Coast states were without power on Saturday after Delta made landfall overnight as a Category 2 hurricane with winds of 100 miles per hour (161 kph) near the town of Creole, Louisiana.

Delta’s fierce winds tore roofs off homes, cut electric power and disrupted energy operations as far away as Port Arthur, Texas, 65 miles (105 km) west of Delta’s landfall.

Total SA’s 225,500 barrel-per-day (bpd) refinery lost power, Valero Energy Corp’s 335,000 bpd plant lost a cooling tower, and Motiva Enterprises shut a

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HOUSTON (Reuters) – Hurricane Delta shut power and toppled equipment at U.S. Gulf Coast oil refineries and closed oil-export ports as its destructive winds and storm surge reached far from its center.

Nearly 700,000 homes and businesses in three Gulf Coast states were without power on Saturday after Delta made landfall overnight as a Category 2 hurricane with winds of 100 miles per hour (161 kph) near the town of Creole, Louisiana.

Delta’s fierce winds tore roofs off homes, cut electric power and disrupted energy operations as far away as Port Arthur, Texas, 65 miles (105 km) west of Delta’s landfall.

Total SA’s 225,500 barrel-per-day (bpd) refinery lost power, Valero Energy Corp’s 335,000 bpd plant lost a cooling tower, and Motiva Enterprises shut a small unit at its 607,000 bpd refinery amid the storm, people familiar with operations said.

Total quickly launched efforts to restart the oil-processing plant, the people

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By Erwin Seba and Stephanie Kelly

HOUSTON/NEW YORK (Reuters) – More than a quarter of U.S. Gulf of Mexico offshore oil and gas production remained shut by Hurricane Sally, which was moving inland on Wednesday and dumping heavy rains and cutting fuel demand in the U.S. Southeast.

The storm made landfall early Wednesday near Gulf Shores, Alabama, as a powerful Category 2 hurricane, swamping the region with 10 to 20 inches (25-50 cm) of rain and boosting U.S. crude oil and gasoline prices. Some coastal areas received as much as 35 inches of rainfall, the National Hurricane Center (NHC) said.

Some 508,000 barrels per day of oil production and 805 million cubic feet per day (mmcfd) of natural gas output were shut in the U.S. Gulf of Mexico, according to the U.S. Interior Department. That is roughly a third of the shut-ins caused by Hurricane Laura, which landed further west

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Offshore platforms and one refinery along the US Gulf Coast shut down on Sunday as they prepared for a second hurricane strike in less than a month.

Phillips 66 began shutting its 255,600 barrel-per-day (bpd) Alliance, Louisiana, refinery as Tropical Storm Sally was forecast to pass just west of the plant, 24 miles (38 km) south of New Orleans.

Other refineries in east Louisiana were monitoring the storm, forecast to become a category 2 hurricane with winds of 100 mph (161 kph), early on Tuesday.

From Saturday, energy companies began shutting offshore production as they evacuated workers in the path of the storm, located 195 miles (315 km) east-southeast of the mouth of the Mississippi River, the US National Hurricane Center said.

Chevron Corp shut the Blind Faith and Petronius platforms and evacuated the workers, it said on Sunday.

Royal Dutch Shell Plc said it began shutting some of its

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HOUSTON (Reuters) – Energy producers and communities along the U.S. Gulf Coast organized evacuations of residents and offshore workers on Sunday as they prepared for the second hurricane strike in less than a month.

Royal Dutch Shell Plc <RDSa.L> began shutting some of its offshore drilling operations on Sunday in preparation for Tropical Storm Sally, forecast to become a hurricane before making landfall on Tuesday, the company said.

Shell’s offshore production was unchanged and all personnel remained on production platforms, company spokeswoman Cynthia Babski said.

However, one firm, BHP <BHP.AX> does not plan to take workers from offshore facilities, a company spokeswoman said on Sunday.

Independent refiner Phillips 66 <PSX.N> was monitoring the storm on Sunday, the company said. Its 255,600 barrel-per-day (bpd) refinery is close to the forecast path of Sally across southeast Louisiana.

Tropical Storm Sally strengthened as it crept up the warm waters of the U.S. Gulf

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McDonald’s business owner Rikesh Patel, hoping to provide relief to citizens in Lake Charles, Louisiana, in the wake of Hurricane Laura, made a desperate call to corporate headquarters late last month.

The day after Laura, the strongest hurricane to strike Louisiana since 1856, hit landfall on Aug. 26, McDonald’s had provided its portable, self-sustained mobile kitchen known as the McRig.

That’s when Patel went to work, according to Friday’s CNN report, finding employees to staff the truck to provide food for thousands who lost homes, running water or electricity. Six people died in Louisiana.

Patel told CNN that 10,000 free brown bag meals were served in a six-day period.

“Pictures don’t do it (destruction) justice,” said Patel in the report. “It’s so much worse than what you’re seeing on social media.”

Patel owns 25 McDonald’s in Louisiana, including eight in the Lake Charles area, among the hardest hit areas.

He

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Hurricane Laura leaves trail of destruction

Derailed train cars lie on their side in Lake Charles, Louisiana, on August 29.

Hurricane Laura leaves trail of destruction

President Donald Trump tours the damage in Lake Charles on August 29.

Hurricane Laura leaves trail of destruction

A building sits partially submerged in water in Hackberry, Louisiana, on August 28.

Hurricane Laura leaves trail of destruction

Rachel Ellis, left, and J’Nay Fitch salvage items from the AutoZone store where they work in Lake Charles on August 28.

Hurricane Laura leaves trail of destruction

A person stands in front of a damaged vehicle near Orange, Texas, on August 28.

Hurricane Laura leaves trail of destruction

Pousson’s Laundromat and Barbershop is left in ruins in Westlake, Louisiana.

Hurricane Laura leaves trail of destruction

This aerial photo shows a devastated neighborhood outside of Lake Charles on August 27.

Hurricane Laura leaves trail of destruction

Maria Ramirez

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DES PLAINES, Ill., Sept. 8, 2020 /PRNewswire/ — The National Insurance Crime Bureau (NICB) and the Insurance Institute for Business & Home Safety (IBHS) urge homeowners to continue hurricane preparedness actions as we approach the peak of hurricane season. The 2020 hurricane season has already set records for its active start, and recent forecast updates from NOAA continue to increase the projections for the number of named storms this year.

Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/8429556-nicb-ibhs-avoid-contractor-fraud-after-a-hurricane/

“Developing key partnerships with IBHS is critical for NICB as we continue to focus on educating consumers on the importance of being prepared for a storm,” said NICB President & CEO David Glawe.

“The roof is your first line of defense against a hurricanes’ wind and rain. A strong, sealed FORTIFIED Roof™ keeps the wind and rain out, meaning families can come back home after a storm,” says Roy Wright, president and

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