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HCI secured three towers with $3.5bn in XoL coverage. -
The $2.59bn renewal is up 45% from last year.
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Up to nine million acres of US land are considered likely to burn.
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Last week, TSR updated its forecast and is now predicting above-average storm activity.
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Most of the losses are attributable to a supercell storm in Texas.
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The company also has $100mn for US hurricane events.
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The Floridian also secured $352mn of multi-year coverage extending to 2027.
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Florida’s top regulator says he’s eyeing eventual tweaks to the state’s cat fund, too.
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The deals covered Euro wind and Italy quake, Florida hurricane and a retro bond.
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TSR previously predicted activity slightly below the 1995-2024 average.
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SCS can no longer be considered a "secondary" peril for the US insurance market, Steve Bowen said.
