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Two FloodSmart Re cat bonds see partial repayments, lengthen for 1-year on NFIP Helene loss uncertainty – Melissas Meals Freedom

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Two FloodSmart Re cat bonds see partial repayments, lengthen for 1-year on NFIP Helene loss uncertainty – Melissas Meals Freedom

Having elevated its estimate for Nationwide Flood Insurance coverage Program (NFIP) losses from hurricane Helene, we’re advised that FEMA has gone forward with the partial compensation of principal and in addition prolonged the maturity dates for 2 of its FloodSmart Re disaster bond tranches.The U.S. Federal Emergency Administration Company (FEMA) had put an preliminary estimate … Read more

Hurricane Helene insurance coverage business loss estimated near $6.4bn by KCC – Melissas Meals Freedom

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Hurricane Helene insurance coverage business loss estimated near .4bn by KCC – Melissas Meals Freedom

The insurance coverage business loss from hurricane Helene is estimated to be near $6.4 billion by Karen Clark & Firm (KCC), with the corporate saying this contains wind, storm surge, and inland flooding impacts throughout 9 states.The determine is probably decrease than some might need anticipated, given it contains inland flood insured losses, but it … Read more

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