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A hurricane warning is in effect from the Anclote River to Mexico Beach, Florida. -
A storm surge warning is in effect from Flamingo to Indian Pass.
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The storm could become a major hurricane by Thursday.
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July and August floods and fires caused the bulk of the insured loss burden.
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Severe convective storms accounted for 60% of H1 global cat losses.
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The system is forming in the same area as 2022’s Hurricane Ian.
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The ETF format provides for publication of a daily NAV.
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Fifteen events caused estimated losses of $306mn.
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Floir approved nearly 650,000 policies for takeout from Citizens for October and November.
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The broker replaces Goldman Sachs on the business after the bank ceased offering ILS services.
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Moody’s also predicts losses to the NFIP at less than $200mn.
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The effort will draw from California’s research and higher education communities.
