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The forecast range of hurricanes is slightly wider than in 2021, but in line with 2020. -
The reinsurer has put the first layer through its captive, a move that reflects the lack of reinsurance capacity for this high-risk business.
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The predictions include a scenario that could produce environmental factors that increase risk in late summer and autumn.
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The state-funded body works to enhance disaster preparedness and financing.
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he broker’s analysis found rate increases and lower cat experience contributed to strong underwriting results.
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The storms tracked 1,000 km through densely populated regions of Quebec and Ontario.
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One Floridian had “zero” reinsurance in place before weekend.
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With reinsurance availability scarce and costs rising, several carriers have called an interim halt to new homeowners’ business.
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Some cedants remain far behind in a stressed renewal, but others are on the path to completion in a reshaped Florida market.
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Global reinsurance capital grew by 3.8% last year, according to Aon’s analysis of 22 reinsurers.
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The Bank of England’s report warned of significant data gaps and said general insurers are at risk of climate-related litigation.
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NOAA predicts there is a 65% chance of an above-normal season, a 25% chance of a near-normal season and a 10% chance of a below-normal season.
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