Hurricane
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The impact on different perils should be distinguished, the advisory firm noted. -
The 5%-7% uplift came in ahead of a smaller November gain connected to 2019 catastrophes.
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Absent more significant reform, any changes this year look set to simply shift the timing of burdens falling on the public purse.
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As of December 31, 2021, policyholders have filed 434,633 claims of all types from Hurricane Ida, with 83% of them already closed.
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State Senator Jeff Brandes withdrew his amendment to an insurance omnibus bill but said he would bring the concept back before the legislature.
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The year saw a substantial uptick in natural disaster losses compared with 2020 and 2019.
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The Eurekahedge ILS Advisers Index is showing a positive year-to-date return of 0.65% but private ILS funds continue to lag.
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The assumption of the policies, which the Florida-based insurer acquired for the price of the unearned premium, is retroactive to December 1.
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Homeowners MGA and insurer Lighthouse Management raised $65mn in a senior debt private placement in New York.
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The cat bond was triggered by Hurricane Harvey and 9/11.
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While funding under a World Bank loan agreement is expected to flow, the 2019 cat bond protecting the nation was not expected to be at risk.
