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Total insured losses are expected to range from $34bn to $54bn. -
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.
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Beazley leads the first $100mn layer of the programme, while Tokio Marine HCC leads the second on the Alesco-placed cover.
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The Floridian insurer anticipates that it will remain profitable in Q3 and Q4 despite hurricane activity.
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The Floridian anticipates Hurricanes Debby and Helene to incur losses of $3.8mn in Q3 2024.
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The firm still expects to deliver positive net income for Q3 2024.
