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Despite rate reductions accelerating, the sector-wide combined ratio is set to remain below 90% through 2027. -
The rest of 2025 appears poised to remain favorable for insureds, however.
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The data modeling firm said losses previously averaged $132bn annually.
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After the LA wildfires in Q1, carriers got some relief in Q2 ahead of wind season.
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The group claims the White House is undermining disaster preparedness.
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Cat losses in July were below historical trends, but all eyes are on peak hurricane season.
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Storm surge of two to four feet could affect the North Carolina coast.
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The US has been lucky over recent decades to avoid a $100bn insured hurricane event.
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The program is aimed at affluent homes valued between $1mn and $6mn.
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Life-threatening surf and rip currents are expected on the east coast of the US.
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The estimate covers property and vehicle claims.
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A shift to back to the admitted property space and MGAs choosing ignorance are other possible scenarios.
