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In Partnership With Greenberg TraurigFred Karlinsky, Chair of the Insurance Programme at Greenberg Traurig, discusses Florida's impactful tort reforms, third-party litigation funding, and the booming E&S market's future. -
Its post-tax estimate of $1.3bn is net of reinsurance recoveries.
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Underinsurance, total loss claims, and high property values have impacted loss estimates.
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The annual claims totalled £5.7bn, the largest amount paid out in any year.
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The storm is likely to be one of the costliest weather events in Canadian history.
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The carrier disclosed it will book $1.1bn in net losses from the California fires.
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The carrier’s Eaton Fire loss would be a retained net loss hit.
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The event now includes a casualty portion and has officially been re-branded as the Property and Casualty Symposium.
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The MGA and 49% owner SiriusPoint could bring in a new investor.
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Compared with its initial figure, CatIQ’s latest estimate has increased by 40%.
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Guy Carpenter said personal-lines exposure would account for 85% of the aggregate loss.
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The total includes fire and smoke damage plus living expenses for evacuees.
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