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The National Hurricane Centre said the Lesser Antilles, Puerto Rico and the Virgin Islands must be vigilant. -
An unusual confluence of factors created almost daily storms.
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The case is the latest in a series of BI disputes that focuses on the issue of claims aggregation.
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Plus the latest executive moves and all the top news of the week.
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The scale of the loss has yet to become clear following the blaze on Friday, although the fire is under control.
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Individual Covid BI cases continue to roll through the courts, with several major decisions.
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The broker said there is a significant protection gap for flood coverage in the affected areas.
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Perils increased the loss estimate by 25% due to a significant increase in average claim size across residential and commercial property lines.
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The firm noted prior-year development on cat events that primarily occurred in late 2022.
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The three lawsuits take the total number of cases filed against insurers from Carlyle in the UK High Court to seven.
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The carrier is looking to reinstate cat reinsurance to cover the increased cost of the Auckland event.
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The loss figure only includes property losses incurred in Turkey, as Perils does not cover Syria.
