Operations/tech
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The storm is forecast to make landfall this afternoon local time near Panama City. -
The six typhoons in Japan this year could weaken the creditworthiness of the country’s three insurance giants.
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The estimate includes inland flooding but not National Flood Insurance Program claims.
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Florence will cause between $3bn and $5bn in insured wind and storm surge losses, CoreLogic estimated.
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Human behaviour now has a smaller role in determining pricing, according to the broker's president and global head of casualty.
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The ILS market has quickly stabilised after last year’s catastrophe losses – but the fallout from Hurricane Irma has continued to push claims higher.
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Markel Catco investors must be prepared to take a critical look at some of the statements in the company’s half-year report.
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The latest version includes data from the 2017 Tubbs, Atlas and Thomas fires in California.
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The ratings agency says insurers may need to pursue loss-reduction strategies, with 2018 possibly on track to produce more claims than 2017.
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Touchstone Re allows insurers to view their overall risk aggregation, use AIR data to benchmark their portfolio risk relative to the industry and estimate loss potential.
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Super-cat events have foiled modelling firms but moderate windstorms have been well captured, the broker found.
