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More than one million Floridians are without power after the storm hit. -
Additional strengthening is expected before Helene makes landfall in Florida tonight.
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Only three storms have impacted a larger area than Helene since 1998.
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An unexpected shift east towards Tampa could push losses beyond $10bn.
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TSR predicts Atlanta, Georgia, could face Cat 1 windspeeds as the storm moves further inland.
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Better performance data and clarity around entry are key, report says.
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The cat bond application process will be streamlined to 10 working days.
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The storm is expected to make landfall in Florida’s Big Bend coast on Thursday evening.
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Helene is currently a Category 1, but rapid strengthening is anticipated over the next day.
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The ILS manager expects “minimal, if any, losses” to bonds in its funds.
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Katarina Scamborova has been appointed president of the new vehicle.
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In the best-case scenario, a Big Bend-landing storm could cost $3bn-$5bn, Howden Re said.
