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Losses could have eroded as much as 44 percent of the carrier's aggregate deductible. -
The General Insurance Association of Japan also announced 235,225 claims have been paid out for Typhoon Hagibis.
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Hudson Structured founder Michael Millette joins the board of directors after his company led the InsurTech’s latest funding round.
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A long-running inquiry is looking at proposals to set up a public cyclone reinsurance scheme to mitigate affordability concerns.
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Incurred losses from Hurricane Michael have risen another 4 percent to reach $7.4bn, according to the Florida Office of Insurance Regulation.
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The Insurance Council of Australia has tracked A$110mn ($75mn) of bushfire losses as it declared the Sunshine Coast hailstorm a catastrophe.
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Hurricane Dorian and Typhoon Faxai losses have hit (re)insurers following a relatively benign first half of the year for catastrophe activity.
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The deal covered damage from the 2017 Thomas and Koenigstein fires and the 2018 Woolsey Fire.
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The New South Wales Rural Fire Service has forecast catastrophic fire conditions – the gravest possible forecast.
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The capital will help those affected by drought during the 2019 agricultural season.
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News of adverse development from the two Floridians may point to a market-wide issue.
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Latest loss estimate comes after the company had estimated Faxai losses of $5bn to $9bn.
