North America
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The insurer disclosed the estimates as it seeks emergency rate hikes from regulators. -
Newer swing products offer an alternative way to deal with escalating awards.
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Ultimate losses from the Palisades, Eaton and Hurst fires are estimated at $4bn.
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The LA-based firm estimated gross cat losses in the range of $1.6bn-$2bn.
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The role at PCS included acting as primary touchpoint for ILS.
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Its post-tax estimate of $1.3bn is net of reinsurance recoveries.
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This year's modelled outputs have increased across all return periods.
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Underinsurance, total loss claims, and high property values have impacted loss estimates.
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CFP has a $900mn reinsurance attachment point and is still receiving claims daily.
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The storm is likely to be one of the costliest weather events in Canadian history.
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The executive has also worked for Guy Carpenter during her 20-year career.
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The state has seen 11 new entrants into the insurance market, reflecting renewed confidence.
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