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The company will ‘aggressively pursue subrogation’ for the Eaton Fire. -
Annual report pegged data and cyber security risks as most cited business challenges.
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Insurers could absorb as much as 90% of this year’s already elevated losses given shifts in attachment points.
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Alexandra Furth has more than 20 years of claims and legal leadership experience.
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Ultimate losses from the Palisades, Eaton and Hurst fires are estimated at $4bn.
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The LA-based firm estimated gross cat losses in the range of $1.6bn-$2bn.
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The NFIP’s strategy is to use "short-term borrowings" to meet what could be $10bn in claims.
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The role at PCS included acting as primary touchpoint for ILS.
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Its post-tax estimate of $1.3bn is net of reinsurance recoveries.
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This year's modelled outputs have increased across all return periods.
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CFP has a $900mn reinsurance attachment point and is still receiving claims daily.
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The storm is likely to be one of the costliest weather events in Canadian history.
