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Still some way off Category 1 intensity, Paulette is expected to reach the Leeward Islands on Thursday night.
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The bulk of the payout – $7.2mn – relates to excess rainfall cover.
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The typhoon was far less destructive than early forecasts suggested, according to claims-adjusting firm Sedgwick.
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The ratings agency says reinsurance resilience is “starting to crack”.
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The figure tops the 2018 high and comes ahead of the peak fire period. -
The carrier will also take low triple-digit-million euro hit from Laura, Hanna and Isaias.
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A New South Wales Supreme Court judge gives the go-ahead for the hearing to start on 2 October.
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Typhoon follows similar track to Maysak, which made landfall in Busan yesterday.
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An “excessive heat watch” is in effect for coastal, inland and foothill regions, Cal Fire has warned.
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The National Hurricane Center has warned of storm surge and hurricane conditions in the country.
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Delegated authority brokers are braced for the 1 January property binders renewal.
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Typhoon Haishen is following in the wake of the storm, and is currently forecast to approach South Korea at Cat 4 strength
