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The ratings firm also predicted that ILS losses from Covid-19 would remain limited. -
The forecast for the number of hurricanes remains unchanged and calls for six to eight hurricanes and three to five major hurricanes this season.
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If Hurricane Andrew were to hit the coastal regions of Florida today, insured losses would be nearly four times the $15.5bn borne by carriers 30 years ago.
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The latest estimate is an increase on Perils’ earlier figure of EUR3.6bn.
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Twia noted that the cancellations had come as Texas enters peak hurricane season.
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France’s Gironde region struck by serious wildfire outbreak
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The parties will develop climate-conditioned wildfire event catalogs to support cat modelling.
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While still too early to assess the damage fully, Aon believes the impact on property, infrastructure and agriculture will be significant.
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Colorado State University has also slightly reduced its forecast for the season to four major hurricanes.
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The reinsurer so far has made no claims on its retro protections for war-related impacts.
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Insured nat cat losses amounted to $35bn globally in H1, while manmade events triggered an additional $3bn, according to Swiss Re Insititute.
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Louisiana policyholders have filed 460,709 claims of all types, of which 65% were closed with payment.
