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The figure does not include NFIP losses.
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Most of the estimated insured losses will be retained by insurers.
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Sources expect significant loss amplification in the claims that will come from Georgia, the Carolinas and Tennessee.
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The numbers will be refined further to arrive at an industry loss estimate.
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Tallahassee avoided a major hit – but flood and storm-surge losses remain unknown.
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Plus the latest people moves and all the top news of the week.
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Property underwriters warn of complacency in how quickly margins can erode.
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Will Curran joined the Lloyd's syndicate earlier this year.
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Taiwan’s strongest earthquake in 25 years caused damage to facilities for chipmaker TSMC.
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The facility automatically follows the lead market which offers the lowest quote.
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InsurX has grown its capacity beyond £100mn after adding D&F to its existing contingency business.
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The average risk adjusted rate increase is hovering at about 2% for clean business.