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It is targeting $25mn GWP this year and $50mn GWP in 2025. -
The floods add to an already historic loss tally for Canada in 2024.
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Net property losses from Hurricane Milton in October reached $153.6mn.
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The California fire was 91% contained as of Friday.
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Twia’s SCS losses in Q1-Q3 2024 have been more than double the budgeted amount.
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The company said Helene claims have surpassed those of Hurricane Ian.
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Fema's traditional reinsurance programme will attach at losses of $7bn and above.
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The model factors in the effects of climate change to date.
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High winds are expected to return to the area Tuesday, however.
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The wildfire in Ventura County was 7% contained as of Friday afternoon.
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The wildfire started Wednesday and is 0% contained so far.
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The carrier had $300mn of favorable development in Q3, mostly led by short-tail lines and ex-workers' comp.
