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A New South Wales Supreme Court judge gives the go-ahead for the hearing to start on 2 October.
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Ricardo Lara’s office says it has received “numerous complaints” from policyholders about additional living expense payments being terminated.
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An “excessive heat watch” is in effect for coastal, inland and foothill regions, Cal Fire has warned.
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The National Hurricane Center has warned of storm surge and hurricane conditions in the country.
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The typhoon, which is expected to make landfall on the peninsula on Thursday, is being compared to the devastating Typhoon Maemi in 2003. -
The ratings agency affirmed its stable outlook on the sector as positive and negative forces from Covid-19 offset each other.
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The storm, which is heading for Belize, is also expected to bring “dangerous” surges, according to the NHC.
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The sovereign wealth fund did not provide any ILS updates but said its investment strategies had mitigated the impact of significant market falls.
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Louisiana will account for the brunt of insured losses from the Category 4 hurricane, which made landfall last month.
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The move follows the departures of Validus Re CEO Jeff Clements and head of US property underwriting Chris Silvester.
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A dedicated underwriting vehicle will be established to provide capital through Syndicate 4242.
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The storm is forecast to make landfall in the Korean peninsula within 36 hours.
