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Incurred losses from Hurricane Michael have risen another 4 percent to reach $7.4bn, according to the Florida Office of Insurance Regulation.
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The Insurance Council of Australia has tracked A$110mn ($75mn) of bushfire losses as it declared the Sunshine Coast hailstorm a catastrophe. -
Hurricane Dorian and Typhoon Faxai losses have hit (re)insurers following a relatively benign first half of the year for catastrophe activity.
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The deal covered damage from the 2017 Thomas and Koenigstein fires and the 2018 Woolsey Fire.
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The New South Wales Rural Fire Service has forecast catastrophic fire conditions – the gravest possible forecast.
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The capital will help those affected by drought during the 2019 agricultural season.
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News of adverse development from the two Floridians may point to a market-wide issue.
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Latest loss estimate comes after the company had estimated Faxai losses of $5bn to $9bn.
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CoreLogic exposure data suggested homes worth hundreds of millions were at risk.
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Wildfire recoveries benefitted DaVinci investors and RenRe's retro partners in Q3.
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At this stage, destroyed property numbers remain well below the thousands impacted in the major 2017-2018 fires.
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This came as the deal priced at the bottom of the initial range at 515 basis points (bps), according to sources.
