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Surpassing the $30bn threshold will trigger more occurrence covers, as another painful year looms for aggregate writers. -
Provinzial confirmed its claims had risen above EUR1bn and it now estimates they could reach EUR1.5bn.
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The algorithm uses ultra-high-resolution aerial images and data that pinpoints, color-codes and displays properties by damage classification.
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The modeller’s estimate is higher than BMS’s earlier $700mn figure.
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Hot and dry weather conditions increase the challenges as Dixie and Caldor near full containment.
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Progressive books $341.9mn in cat losses from Hurricane Ida in August and sees the total rising to $510mn.
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The fund’s post-Irma shareholders made a small loss in the same period.
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The new figure includes a prediction of between $6bn to $9bn in both public and private insured flood losses in the Atlantic states region after Ida moved inland.
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The insurer’s net monthly cat losses reached $876mn.
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Strategic Review Committee chairman Bruce Simberg sets out the challenge ahead for FedNat as natural catastrophes continue to hit southern policyholders.
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Lloyd’s chief of markets Patrick Tiernan ruled out completely cutting out sources of energy relied on by certain communities.
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The sharpest decline was with the Catahoula Re 2020-1 Class A deal issued by Louisiana Citizens on which bids dropped 60.3c from 100.3c to 40c.
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