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Barry could go on to produce storm surge and tropical storm or hurricane force winds across parts of Louisiana, Mississippi and upper Texas coasts, the NHC said.
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The Colorado State outlook remains stable despite a change in the odds of a weak El Niño continuing into peak summer months. -
Assurant is paying $165mn in premium for the 1 July reinsurance renewal, before tax, a 20.7 percent increase on last year.
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It is more efficient for ILS managers and cedants to be able to give collateral clawbacks, the Credit Suisse ILS head has argued.
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The payments will flow to individuals within the fisheries industries as well as participating countries.
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Rates are said to be easing following the mid-year Floridian renewals.
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Reinsurers that have been reliant on retro cover also pared back their market share, as the broker said mid-year renewals showed tangible pricing momentum.
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A derecho event from 21-22 June travelled more than 1,000 miles across the country.
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The proposed legislation would enable the state’s governor to tap the ILS market for coverage.
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The insurer said half of the losses came from one weather event in the Midwest.
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The model will also capture sub-perils including ground-shaking liquefaction, landslide, tsunami and fire following earthquakes.
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The catastrophe data aggregator said it would provide a fourth loss estimate on 20 December.
