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The hurricane is likely to prevent rate reductions in property cat in 2025. -
Shares gained after Hurricane Milton did less damage than anticipated.
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The event has spared (re)insurers the more extreme scenarios that were under discussion earlier this week.
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A quick roundup of today’s need-to-know news, including Milton loss estimates and today’s CPI numbers.
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He brings over 25 years of experience in PE and transactions solutions.
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She most recently led the broker’s UK insurance vertical.
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Business email compromise was up 9%, comprising nearly one-third of claims.
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The all-items CPI increased 2.4% over the last 12 months.
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Florida domestics, reinsurance rates and the NFIP are all under watch.
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The figures are not an official loss estimate from the modeller.
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The hurricane has destroyed hundreds of homes and left more than 2.7 million homes without power in Florida.
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The carrier filed a separation agreement with the SEC on Wednesday.
