Weather
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Nephila will provide data for the company’s instantaneous indicative pricing service which gives an immediate idea of the costs of a structure.
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A repeat of large losses could test earnings and capital adequacy levels for the top 20 reinsurers.
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Insured losses fell to $21bn in 1H2018 with a European storm the costliest event. -
The retirement fund now holds $129mn across two Nephila funds.
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The ecclesiastical carrier works with unnamed global reinsurers to provide coverage which it claims as a first for Italy.
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This is the third estimate for the storm which affected a large portion of Europe.
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The latest figures from the loss-tracking agency put Hurricane Maria at $25.7bn, Hurricane Irma at $19.5bn and Hurricane Harvey at $17.6bn.
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The association cited the positive response to its handling of over 75,000 Hurricane Harvey claims last year.
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The postponement will provide time for Citizens to assess policy changes that take aim at assignment-of-benefits abuses.
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Cooler sea surface temperatures in the Atlantic are dampening storm formation, said the Colorado State University scientist.
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Coastal dwellers in Florida would be hardest hit by the increase, with rates on the seafront rising by an average of 9.5 percent.
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The cat loss modeller reports baseball-sized hail in the Dallas-Fort Worth areas.
