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The estimate includes $102mn from Milton and $114mn Helene development. -
The broker will be using Verisk US agricultural risk models.
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Through Q2 2024, the index is up 10% since 2020.
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This year’s top-line growth will be a decade high.
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The floods add to an already historic loss tally for Canada in 2024.
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The California fire was 91% contained as of Friday.
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The regulation is a key component of Lara’s effort to stabilize the state’s sputtering property market.
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Cat losses in reinsurance rose 11.1% year over year to $45.1mn, driven by Hurricane Helene.
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The company said Helene claims have surpassed those of Hurricane Ian.
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After one good year, giving back margin now will be “inexcusable”, the executive said.
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The partnership is Fidelis Insurance Group’s first third-party capacity deal.
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Fema's traditional reinsurance programme will attach at losses of $7bn and above.
