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Parts of South and North Carolina are under hurricane warning but the storm is expected to bypass the city of Charleston.
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Financial hub Shanghai has been placed on yellow alert.
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The blaze started on Friday and had spread to over 20,000 acres by Monday morning.
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The storm is now expected to make landfall in the Carolinas late Monday.
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Isaias is currently a Cat 1 hurricane and is nearing Andros, the largest island in the Bahamas.
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The storm’s track has pulled further offshore, but uncertainty remains.
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Nat-cat experience was slightly adverse but Covid-19 losses were the main driver.
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The California utility said it is still pursuing additional limit.
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The carrier has reduced its frequency risk while lifting exposure to tail events.
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The utility spent 13% more to secure its insurance but cut back third-party cover to $870mn.
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Parent Lancashire fell to an underwriting loss for the first half after lifting its Covid-19 loss estimate to $42mn.
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The estimate includes privately insured wind and storm surge damage to homes, commercial properties and cars, but not NFIP losses.