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Underestimated average claim value has led to a dramatic February update.
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Exposures to property are growing materially in the riskier geographies.
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The US tallies $97bn in economic losses from major perils each year.
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The event occurred a fortnight after major North Island flooding in New Zealand.
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There were 10 fatalities, mostly due to drowning or tree fall accidents.
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The carriers were in arbitration with UnipolRe and Gen Re.
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A so-called atmospheric river effect is behind the severe weather.
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The figure represents a 26% increase on the previous estimate.
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Most of the losses occurred in France, followed by the UK and Belgium.
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The insurer says Greensill's claim "arises out of a fraudulent scheme”.
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The talks must be completed by 28 June to avoid a trial.
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