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The insurer’s system has now been out of commission for over two weeks. -
In North America, the median W&I claim payment in 2024 was $5.5mn, the highest on record.
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The research team presents the May cat heatmap.
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It didn’t have a major impact on insurers’ finances – instead, it served as a wake-up call.
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The regulatory body is also looking at AI rulemaking and catastrophe resiliency.
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Allstate attributed the bulk of its losses to three major wind and hail events.
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Tariffs could drive up property loss costs, but the impact on other items has been muted.
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The impact of SAM claims is reverberating through the tower and the broader marketplace beyond hospitals.
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Florida regulators have also approved takeouts for Mangrove and Slide.
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Coverage has broadened while limits have increased, the broker said.
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A deep-dive analysis shows LitFin is not the boogeyman this industry paints it out to be.
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This is up from last year’s $1bn protection for its Florida treaty.
