Catastrophe losses
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Additional strengthening is expected before Helene makes landfall in Florida tonight.
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We may be in the midst of US hurricane season, but international catastrophe losses can emerge at any moment.
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Helene is currently a Category 1, but rapid strengthening is anticipated over the next day.
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In the best-case scenario, a Big Bend-landing storm could cost $3bn-$5bn, Howden Re said.
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The system is forming in the same area as 2022’s Hurricane Ian.
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Gallagher Re estimated insured losses will amount to between EUR2bn and EUR3bn
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