US Southeast/Gulf
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Many commercial risks will have London coverage, but insured values are relatively low. -
Economic losses from the Cat 5 storm could run 30%-250% of the country’s GDP.
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The state’s AG said the case threatens continued offshore oil and gas operations.
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The insurer of last resort currently has $2.15bn of cat bond protection on risk.
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New home sales could be impacted by a prolonged stalemate.
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Proceeds will be used to pay off debt maturing at the end of the year and to support new market growth.
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The tropical cyclone is expected to be named Imelda.
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The company is estimating its IPO price at $18-$20 per share.
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Sources said the agency first considered a debt raise but recently pivoted to a sale process.
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Models anticipate a busier second half, particularly in the next few weeks.
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The company generated $71.4mn in revenue for H1 2025.
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The bi-partisan legislation would make FEMA a cabinet-level agency.
