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A hurricane warning has been issued for the east coast of Florida. -
Most sources noted expectations of a $50bn+ event, but the range of outcomes is huge.
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Hurricane Milton strengthened from a tropical storm on Sunday to a Category 5 storm yesterday.
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Milton is expected to move north of the Yucatan Peninsula today and cross the eastern Gulf of Mexico by Wednesday.
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Parts of the Yucatan peninsula are under a hurricane warning, though the storm is expected to remain offshore.
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The effort will draw from California’s research and higher education communities.
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The Brian Duperreault-led reinsurer start-up has secured a cornerstone investor and aims to have an ILS fund running from day one.
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The number of sponsors has risen from 46 about a year ago to 66 over the last 12 months.
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Eight Floridians will take on personal residential multi-peril and wind-only policies.
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The Bermuda regulator is consulting on a refresh of its rules that will be in force as of 1 January 2025.
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Citizens’ auto-renewal controls were down from February 2023 to August 2023.
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The storm brought a lot of rain, but the Floridian doesn’t provide flood insurance.
