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The estimate implies a roughly $15bn homeowners’ industry loss from the hurricane. -
Arch is assuming an industry loss related to Helene in the $12bn-$14bn range.
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The NFIP can take on more debt, but climate-fueled disasters aren’t going anywhere.
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The ratings agency said higher attachment points would make 2024 hurricane claims “manageable”.
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Total insured losses are expected to range from $34bn to $54bn.
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Worrisome trends in the line may be warning signs of worse to come.
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The airline says the crash resulted in over $500mn in losses.
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The NFIP’s traditional reinsurance coverage kicks in at $7bn of losses.
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The loss tally is considerably lower than estimates issued by model vendors.
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Insured losses for 9M 2024 have hit $102bn, according to a report.
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Liberty Mutual expects $550mn in Helene losses versus Milton’s $250mn-$350mn.
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The carrier’s estimated pre-tax losses from Milton are $65mn to $110mn.
