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Although 2024 has seen significant global natural catastrophe activity, economic costs were slightly below average through the third quarter, according to Gallagher Re's latest Nat Cat report. The ...
Progressive disclosed property and vehicle insurance loss estimates for Hurricanes Helene and Milton in conjunction with the carrier's report of third-quarter earnings yesterday, indicating it won't ...
Tony Brazzale, a diving boat captain who has lived for 10 years in his Wellington home in southeastern Florida, wasn't worried about Hurricane Milton. The storm's center was forecast to make landfall ...
Prices are under pressure in many insurance markets. After an extended period where pricing levels have risen and held at profitable levels, the balance of power appears to be shifting to buyers. In ...
Nicolas Papadopoulo has been named chief executive officer of Arch Capital Group Ltd., succeeding Marc Grandisson, who has decided to retire from the company, Arch announced. Papadopoulo, who has ...
After fearing the worst from Hurricane Milton, investors in catastrophe bonds appear to have sustained losses well below those predicted as recently as the Wednesday before landfall. Estimates that ...
Reinsurers will have some meaningful losses from Hurricane Milton but a replay of the shocking price hikes cedents experienced during Jan. 1, 2023 renewals isn't likely to repeat for 2025, Fitch ...
Insured losses from Hurricane Milton could sit anywhere within a $70-plus-billion range extending from $9 billion to $85 billion, experts from CoreLogic said yesterday afternoon, at least nine hours ...
A wide cone of uncertainty surrounds insurance experts' pre-landfall predictions about the state of the industry that will prevail in the aftermath of Hurricane Milton, with most viewing it as a $20 ...
While the Lloyd's market reported its best first-half profit in 17 years, it isn't resting on its laurels. It is carefully monitoring areas where potential vulnerabilities have been identified. ...
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