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Christmas brings out the child in everyone.
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Up to a third of the vineyards around the South Australian capital Adelaide have also been scorched. -
There are now over 1 million homes in fire-hit areas protected against non-renewal.
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The local insurance association has revised up its estimate of the disaster costs by 11 percent since 6 December.
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The cat loss data firm increases property damage figure in final estimate.
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The measure will now go to the White House to be signed into law.
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Losses arise from four events plus reserve re-estimates.
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The move will release funds to insurers and subrogation rights holders, transferring losses from the Camp Fire and other 2017 events to the utility.
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The 2019 combined ratio is expected to be above the targeted upper limit of 96.5 percent.
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The measure will mark the 14th short-term extension for the program since October 2017.
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Modest gains follow a broadly flat European cat treaty market for 1 January.
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Natural catastrophe, financial and geopolitical events still pose the biggest global threat.
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