Hurricane
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Tropical storm Hermine was expected to cross the Florida coast on 2 September as a Category 1 hurricane as Trading Risk went to press. It is the first storm to threaten the state since 2005.
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The grand Monte Carlo casino is one of a number of entertainment options open to the horde of reinsurance executives about to descend upon Monaco for the annual Rendez-Vous.
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A significant chunk of the outstanding cat bond market will mature ahead of the next hurricane season, which could put further pressure on spreads after the sector shrank by $2bn in the first half of 2016.
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Hermine made landfall as a category one hurricane in northwest Florida early Friday, becoming the first hurricane to hit the state in 11 years, but data shows that the insurance industry's exposure in the landfall region is relatively low.
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Tropical Depression 9 has strengthened to become Tropical Storm Hermine, which is on course to be the first hurricane to threaten landfall in Florida since 2005
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Areas along the Gulf coast of Florida have been put on tropical storm warning and hurricane watch as the US National Hurricane Center (NHC) warned that rainfall as a result of Tropical Depression 9 could affect the peninsula
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The Caribbean catastrophe risk pool has made a payout of $261,073 to the Belize government following heavy rains earlier in the month.
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The National Oceanic and Atmospheric Administration (NOAA) has increased the number of named storms it forecasts for this year's hurricane season to 12 to 17.
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Tropical Storm Risk (TSR) has reduced its July outlook for the current hurricane season, predicting activity in the Atlantic will be slightly below the long-term average.
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Allstate cut back its excess reinsurance cover in Florida this year by $75mn.
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Jardine Lloyd Thompson (JLT) Capital Markets has closed another private Market Re cat bond at $75mn.
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There is "unshakeable sentiment" that reinsurers and ILS investors will take significant cat losses this hurricane season, according to Willis Capital Markets & Advisory (WCMA)'s ILS head Bill Dubinsky