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This third payment will be the largest yet received by Central American country.
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The storm struck a state park area around 135 miles north of Tampa.
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The state’s largest property carriers faced over 5,000 new lawsuits last month.
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The storm battered Central America as a hurricane last week, causing widespread damage and at least 57 deaths.
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Reinsurance demand will be up in the near term, but a stronger if smaller pool of carriers would be another desirable outcome.
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HCI reported diluted earnings per share of $1.60 in Q3, compared to $1.02 a year earlier.
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The ratings agency had a B rating with a negative outlook on the carrier.
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The Heritage co-founder said InsurTechs need more insurance expertise and to focus on underwriting margin.
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The Floridian carrier is not looking to expand in Louisiana or Texas, citing the elevated catastrophe risks.
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The carrier’s co-founder Bruce Lucas will step down as CEO on November 30.
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Southern Fidelity has struggled during a busy 2020 storm season because of its exposure to the Gulf states.
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Bruce Lucas tells Trading Risk Live that 10-12 companies are at “extreme insolvency risk”.