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Canadian windstorms and freezing conditions in the UK led to the losses.
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The losses include damage to homes, businesses, infrastructure, facilities, roadways and vehicles, as well as BI losses.
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Atmospheric rivers are expected to bring further severe weather into next week.
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The state is contending with flash flooding, mudslides, rockslides, power outages and high winds.
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Natural disasters in North America destroyed assets worth around $150bn, of which roughly $90bn were insured.
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The increase mainly stemmed from an influx of personal property claims.
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Landslides, avalanche risks and submerged highways are just some of the extreme consequences of the storms.
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The largest loss of the year outside the US was the Australia flooding in February and March.
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Guy Carpenter’s note echoed modelers’ views that Elliott will not be comparable to the losses inflicted by Storm Uri last year.
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Just over a month ago, Floir reported claims relating to Hurricane Ian worth $10.3bn.
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The city of Buffalo in New York state was worst impacted, but power was also knocked out in areas stretching from Maine to Seattle.
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The NOAA has warned of blizzards, flash-freezing, dangerous wind chill and sub-zero temperatures.