Weather
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The US government agency said it expects between three and six major hurricanes in the Atlantic Basin this season. -
Colorado State University released updated predictions that this year’s season would be stronger than average.
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NOAA said there is a 75 percent chance of near- or below-normal tropical cyclone activity this year.
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The platform said a narrowing spread between buy and sell offers on ILWs suggests more trades will clear.
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Some argue that what appears to be a stepping back by Japanese investors may just be a pause as investors switch managers.
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The carrier expects to restructure quota share and aggregate protections after heavy losses.
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Tornado outbreaks along with thunderstorms caused significant damage.
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Losses from 2019 Japanese cat events have risen by nearly 13 percent since mid-March.
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The data firm’s latest survey shows $108bn in premiums across 236 million policies in Europe and Australasia this year.
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Windstorms and heavy rain earlier this month were already likely to cause over $1bn in estimated insured losses.
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There were at least 121 confirmed tornado touchdowns from Texas to Maryland from 10-14 April.
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The scheduled capital release next month stems largely from 2019 side pockets, the company said.
