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The loss has increased by 1.4% since the company’s first assessment. -
Urban expansion, climate change and inflation are key drivers of losses.
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The Insurance Bureau of Canada said the blaze damaged one-third of the Jasper community.
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Data shows nat cat losses in Canada have increased substantially this century.
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The Eras tour has additional coverage in place to cover cancellation for PVT perils.
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Rising premium income is not keeping pace with the increased cost of claims.
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The storm made landfall on Saturday as a Category 1 hurricane.
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Ernesto’s maximum sustained winds have reached 100 mph.
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Flights cancelled as typhoon ramps up to Cat 4.
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Moody’s also predicts losses to the NFIP at less than $300mn.
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QBE has “effectively stopped writing new business” in response to its New Caledonia loss.
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Hail remains the primary sub-peril dominating insured loss costs.
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