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Florida concentrated property insurers are expected to face capital struggles.
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American Integrity will take the largest chunk, out of six insurers total.
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It also reported that severity increased by 17% in the same period.
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The storm is projected to make landfall in the next 24 hours in the highly populated Tampa Bay region.
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Milton stole the limelight from slightly stuck PE-backed brokers, acquisitive globals and the casualty conundrum.
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Despite pricing declines, state funds recorded their third year of DWP growth.
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The NHC is predicting storm surge, exacerbated by the tide, as high as 15ft for Tampa Bay.
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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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The panelists discussed the ILS reset and the path to maintaining discipline in this sector.
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Moody’s also predicts losses to the NFIP at potentially more than $2bn.