Property
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The floods add to an already historic loss tally for Canada in 2024. -
Helene losses were spread wider than initially suggested, in contrast to Milton claims.
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Stokes has been with Pillar for nearly four years.
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Most of the losses derive from France.
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The firm will provide an update on 22 November to avoid holiday season.
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The firm is also integrating changes to its process to allow it to cover wider ground.
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Nephila revenues would likely have been higher, but for an ‘elevated climate signal’ this year.
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The estimate implies a roughly $15bn homeowners’ industry loss from the hurricane.
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Andrade flagged expected 5% to 10% increases in the US and Europe.
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Insured losses for 9M 2024 have hit $102bn, according to a report.
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As a result of mostly flooding, £495mn ($644mn) of losses occurred in the UK.
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The company said $13bn-$22bn will come from wind damage.
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