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The storm, which is heading for Belize, is also expected to bring “dangerous” surges, according to the NHC.
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Louisiana will account for the brunt of insured losses from the Category 4 hurricane, which made landfall last month.
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Uncertainty remains over energy sector and Covid-19 impact on loss adjusting and rebuilding.
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The storm is forecast to make landfall in the Korean peninsula within 36 hours.
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The February flooding took total UK winter losses to £775mn.
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The Farm Bureau programmes feature strong Lloyd's participation, while depop carriers are ones to watch.
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As new PE inflows arrive in the sector, it remains to be seen how this will be matched on the ILS side.
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Cal Fire says the SCU blaze in southern California is also 60% contained.
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Last week, CoreLogic estimated that losses from the event could range between $8bn-$12bn.
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The risk modeling firm said damage caused in Antigua, Cuba, and the Dominican Republic would contribute about $200mn to the onshore claims count.
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Cal Fire says the blaze in central California has been 35% contained.
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Depop insurers will be closely watched.