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The settlements must be approved by California’s governor as well as court judges to enable the utility to exit.
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The Colorado State University experts had previously questioned whether an active period which began in 1995 had ended.
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Everest, Swiss Re, Aspen and other reinsurers were accused by Integrand of delaying payment of claims from Irma and Maria.
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The association has increased its ultimate loss figure for Hurricane Harvey to $1.7bn, up from its May estimate of $1.61bn.
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The (re)insurer had previously removed two tranches from the multi-peril transaction
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Approval of the settlement agreement puts PG&E on a path to emerge from Chapter 11 by 30 June, which is the deadline to participate in California’s wildfire fund.
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Insurance coupons on the latest Everest Re cat bond are more than 20 percent higher than a similar issuance in 2017.
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An estimated 683 homes have now been burned as a result of the blazes.
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Despite early fears that the storm could rival last year’s Jebi in losses, expectations are converging around the $10bn level.
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The settlement with individual wildfire victims will ease the way for the payout of $11bn in insurance subrogation claims.
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Varying levels of Japanese exposure led to a wide range in individual fund returns.
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It is the first ILS vehicle to receive the credential from the FNG.