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The Swiss carrier says any increase in P&C claims arising from the ruling won’t materially impact its earlier assessment of $750mn in Covid-19 claims.
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The insurer could have total gross losses of more than EUR500mn, according to a French publication.
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The executives also called for government-private sector partnerships to address future pandemics and other protection gaps such as cyber.
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Forecasts show Sally swinging northeast on Tuesday before heading toward Mobile. -
The start-up will run three auctions on Tuesday ahead of Hurricane Sally reaching the US coast.
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Reports from operators suggest minimal damage to assets, most of which will be covered by retentions.
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Meanwhile, in neighboring California, the largest wildfire, the August Complex, has burnt 755,603 acres of land.
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On its current track the storm will bring 100 mph winds to the Gulf Coast late Tuesday.
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The state’s top carriers have received roughly 4,500-4,600 new cases each month since June.
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The storm has not intensified as much as feared, but hurricane warnings remain in effect for New Orleans.
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The US National Weather Service issued a critical fire weather warning for parts of Idaho, Montana, California, Nevada and Oregon on Monday.
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The NHC has put a hurricane warning in place for Lake Maurepas including the city suburbs.
