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A hurricane warning has been issued for the east coast of Florida.
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Most sources noted expectations of a $50bn+ event, but the range of outcomes is huge.
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Hurricane Milton strengthened from a tropical storm on Sunday to a Category 5 storm yesterday.
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Reinsurance capacity is largely stable but that doesn’t mean discussions will be a smooth ride.
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California did not release September metrics, instead restating its historical data.
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The figure does not include NFIP losses.
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Sources expect loss amplification in claims from Georgia, the Carolinas and Tennessee.
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The numbers will be refined further to arrive at an industry loss estimate.
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Praedicat CEO Bob Reville outlined the firm’s approach to "casualty cat" as liability risk modeling continues to mature.
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A large number of new entrants and the growth of litigation finance challenge E&S enthusiasm.
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Third-party litigation funding has been linked to rising casualty insurance prices.