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The cost comes in at $530.6bn, roughly $20mn lower than budgeted. -
The carrier said the cuts will help it to become a “simpler, digital-led business”.
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Allstate attributed the bulk of its losses to three major wind and hail events.
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The £3.7bn deal was announced in December.
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This is up from last year’s $1bn protection for its Florida treaty.
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HCI secured three towers with $3.5bn in XoL coverage.
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The Floridian also secured $352mn of multi-year coverage extending to 2027.
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It previously predicted activity slightly below the 1995-2024 average.
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The agency forecasts up to five major hurricanes and 19 named storms.
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Tornadoes have killed at least 32 people in three states.
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Aviva and Direct Line struck the landmark deal in December.
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Tropical Cyclone Alfred and Queensland flooding brought thousands of claims.
