Hurricane
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The carrier contended with 10 events over the month, with 75% of its losses stemming from three wind events. -
On March 31, the National Weather Service counted 618 storm reports and 104 tornado reports, both records for the year to date.
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Colorado State University anticipates a “near-average” probability for major hurricanes – Category 3, 4, and 5 – making landfall along the continental US coastline and in the Caribbean.
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The forecast included two intense hurricanes, six hurricanes and 12 tropical storms.
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The newly developed scale will run from AR-1 to AR-5, with AR-5 being the most intense, to mirror measurements of hurricane events.
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The InsurTech has moved its pricing for the instrument to the top of its initial range.
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The AP2 fund noted currency-hedging effects, turbulent financial markets and Hurricane Ian as factors in its alternatives segment loss for the 2022 year.
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The reinsurance recoverables from Lorenz investors were up by 56% to $921mn in the 2022 year.
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Reserve releases connected to 2017 events helped the segment deliver a 95.6% combined ratio.
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The bond is seeking coverage for Florida named storm.
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The cat bond market is thought likely to receive an outsized portion of any capital inflows.
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Investors have been experiencing inflows while new volumes in Q1 were lower than expected.
