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The exchange is backed by $100mn in funding from CD&R and others. -
The executive previously spent 15 years in a variety of roles at Zurich.
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This is up from last year’s $1bn protection for its Florida treaty.
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Few claims have been filed thus far, as damages have been highly localized.
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The ongoing demonstrations could have law enforcement liability implications.
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The medical care index numbers were below April’s 0.5% rise.
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Increases dropped to 5.3% from 5.6% for the previous quarter.
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Estimates on what a cat five in downtown Miami could cost vary, but it would be painful for reinsurers.
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Catastrophe losses in Q1 exceeded $50bn, the second highest on record.
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The legislature did pass Twia reforms, however.
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"Smoke damage is real damage," Commissioner Lara said.
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Lloyd’s traditionally avoided US middle market property, but head of P&C Matt Keeping says times have changed.
