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The figure does not include NFIP losses.
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Brokers will only get more vocal on aggregate or secondary peril if Helene remains a retained loss event.
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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 ratings agency expects insured losses of around $5bn for Helene.
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Tallahassee avoided a major hit – but flood and storm-surge losses remain unknown.
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The NFIP has a higher take-up rate in Tampa Bay, which experienced record coastal storm surge.
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Helene is expected to become a post-tropical low later today.
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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.