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The National Flood Insurance Program has a total of $1.7bn of exposure in the state.
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That figure represents claims reported through 15 March.
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The five listed Florida-based P&C insurers were pushed into the red by adverse reserve development and Hurricane Michael.
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LGT led the way with its rated start-up Lumen Re.
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Losses from Hurricane Irma loss have crept up by between 58 percent and 140 percent for Floridian specialist carriers.
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With two consecutive years of heavy catastrophe losses, it’s clear why Swiss Re won’t throw caution to the wind – even though the days when it went cap in hand to Warren Buffett are long gone.
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Intervention by Puerto Rican insurance officials comes as Integrand takes its reinsurers to court.
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Mass evacuations follow flooding in Nebraska, while heavy snow in Colorado closes roads and triggers power outages.
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The modelling company’s range for the European storm is significantly higher than the $680mn cost forecast by actuarial consultants Meyerthole Siems Kohlrus.
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Countering the increased demand for public reinsurance, Demotech is seeking to require more overall coverage.
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Nephila, RenRe and Validus go on the record with this publication on the forthcoming 1 June renewals.
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The specialty insurer pulls in executives from Axa Corporate Solutions and Zurich.