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The number has expanded by around 40% from an earlier update, sources said. -
Estimates on what a cat five in downtown Miami could cost vary, but it would be painful for reinsurers.
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The modeller said the insurance market could be exposed to unexpected aggregations.
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The latest update brings the agency’s combined estimate for Milton and Helene to $32.4bn.
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The executive has 15 years of experience in meteorology and cat analytics.
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Catastrophe losses in Q1 exceeded $50bn, the second highest on record.
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With fee income less understood, a primary acquisition or merger could reset the narrative.
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HCI secured three towers with $3.5bn in XoL coverage.
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The program includes all perils coverage and subsequent event protection.
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The $2.59bn renewal is up 45% from last year.
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Up to nine million acres of US land are considered likely to burn.
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Last week, TSR updated its forecast and is now predicting above-average storm activity.
