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The Florida state insurer confirmed plans to add $200mn of personal lines reinsurance cover to its overall programme. -
The expected losses from the December hailstorm in Sydney have risen from A$871mn to A$1.2bn.
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Weatherbell forecast 0 to 2 major hurricanes this year.
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The February total compares with $361mn of catastrophe losses for the first quarter as a whole last year.
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The reported estimates from insurers have increased by up to 140 percent since Q3 2017.
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The US National Weather Service has said more than 7 million people were under flood warnings on Tuesday.
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The deal would be the US agency’s second.
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Winds of 97 mph has led to closed roads and power outages in Colorado, according to reports.
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Massive demand for cyber insurance could be an opportunity for the ILS market to expand, AIG president and CEO Brian Duperreault said at the Sifma IRLS conference in Miami.
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The storm, which raced across Germany yesterday, had wind speeds of more than 100km/h.
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The reinsurance industry spends a lot of time obsessing about risk modelling, but arguably its efforts to pin down ever more precise estimates of expected losses are let down by a 20th century approach to data handling.
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The insurer kept its participation in the state reinsurance scheme stable at 45 percent.
