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The crash is the latest of several losses for aviation insurers in recent months. -
The loss aggregator has classified the fires as two separate events for reinsurance purposes.
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The insurance commissioner said the carrier has not shown the need for price increases.
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More than 33,000 claims had been filed as of 5 February.
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The estimate covers property and vehicle claims.
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Sources said the claim is likely to be a multi-hundred-million-dollar event.
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Settlements could reduce seized aircraft quantum to the mid-single billions of dollars.
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The carrier is “extremely well capitalised” to achieve its strategic ambitions.
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Annual report pegged data and cyber security risks as most cited business challenges.
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The carrier enters H2 with a clean reinsurance programme.
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Newer swing products offer an alternative way to deal with escalating awards.
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Ultimate losses from the Palisades, Eaton and Hurst fires are estimated at $4bn.
