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Restrengthening to Category 5 is still possible, Siffert warns. -
Earlier this week, Moody’s RMS Event Response estimated the event would cost $8bn-$14bn.
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Prior forecasts indicated a more northward track towards Tampa Bay and St Petersburg.
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Increased interest follows ratings agency upgrades of Lloyd’s paper.
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The storm is now predicted to make landfall south of Tampa Bay.
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The NHC is predicting storm surge, exacerbated by the tide, as high as 15ft for Tampa Bay.
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The hub aims to be a single point of assessment and access to the market.
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The D&O class has experienced huge rating volatility over the past four years.
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A hurricane warning has been issued for the east coast of Florida.
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