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A total of $2.1bn in Fema money has been approved for the state. -
High winds are expected to return to the area Tuesday, however.
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The wildfire in Ventura County was 7% contained as of Friday afternoon.
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The storm caused major damage to one of the drinks company’s warehouses in Tennessee.
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The wildfire started Wednesday and is 0% contained so far.
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The carrier’s Q3 net income will be around $100mn, far below consensus.
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The carrier had $300mn of favorable development in Q3, mostly led by short-tail lines and ex-workers' comp.
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Initial expectations for the later storm prove overblown, while inland auto losses mount for the earlier event.
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The firm will provide an update on November 22 to avoid holiday season.
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The broker said the casualty segment is approaching an “inflexion point”.
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Republican tariffs and higher Democratic corporate taxes would hurt the sector.
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The commercial carrier also reported a Hurricane Milton pre-tax net loss forecast of $250mn-$300mn.
