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The agency put insured property values in the burn footprint at $2.5bn to $4bn, which marks an uptick compared to Moody’s estimate from last week, when the agency pegged insured losses at around $1bn. -
Inside P&C’s news team runs you through the key highlights of the week.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The development in reconstruction costs and contingent BI claims may put the ultimate sum beyond current estimates.
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The carrier was originally in the market for extra capacity at January 1 before pulling plans.
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Nearly two years since the start of the program to lift NFIP rates, (re)insurers remain hesitant to fully commit to flood.
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Inside P&C’s news team runs you through the key highlights of the week.
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Inside P&C’s news team runs you through the key highlights of the week.
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Inside P&C’s news team runs you through the key highlights of the week.
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The carrier said a greater number than usual of North Atlantic storms are possible despite El Niño conditions.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The risk of US wildfire in 2023 is expected to be lower than in recent years, except in the Pacific Northwest, namely Oregon, Washington and Montana, according to analytics firm ZestyAI.
