Insurers
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The losses were below May’s $777mn, but almost 3x higher than for June 2024. -
The suit claims billions of dollars are being illegally withheld.
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The US accounted for 92% of all global insured losses for the period.
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State legislation has led to major strides in rate adequacy.
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Category 4 and 5 storms could become more common and hit further north.
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Despite predicting fewer hurricanes, the numbers are still above average.
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The Australian carrier’s nat cat losses are A$200mn lower than its annual allowance.
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The measure could have landed insurers with extra tax on US business.
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The cost comes in at $530.6bn, roughly $20mn lower than budgeted.
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Allstate attributed the bulk of its losses to three major wind and hail events.
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In 2024, MGA GWP reached approximately $20bn in Europe.
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The bond will provide protection for storms, quakes and fires in seven US states.
