Hurricane
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The storm is forecast to make landfall in the Korean peninsula within 36 hours.
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As new PE inflows arrive in the sector, it remains to be seen how this will be matched on the ILS side. -
The Farm Bureau programmes feature strong Lloyd's participation, while depop carriers are ones to watch.
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Last week, CoreLogic estimated that losses from the event could range between $8bn-$12bn.
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The risk modeling firm said damage caused in Antigua, Cuba, and the Dominican Republic would contribute about $200mn to the onshore claims count.
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Depop insurers will be closely watched.
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The storm produced a storm surge less severe than feared and has now been downgraded to a tropical depression.
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Storm surge losses are expected to remain under $500mn.
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Early modelling data points towards a single-digit billion loss, but excludes energy and Covid-19 impact.
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On its current forecast trajectory, the storm will hit Little Rock, Arkansas, where it could cause flash flooding.
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The state insurer of last resort buys cover from a much lower-attaching level than its Texas peer.
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ILWs at the $10bn mark failed to clear, as auction participants suggested losses would not reach the trigger.
