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Hurricane Hermine insured losses expected below $400m: RMS

According to risk modelling firm RMS the insurance and reinsurance industry is not expected to face any more than $400m in industry losses as a result of hurricane Hermine's recent landfall in Florida and the subsequent wind and coastal flooding caused by the storm.Hurricane Hermine struck Florida at the start read the full article →

Hermine no trouble to re/insurance & cat bonds: Fitch

Recent hurricane Hermine is not expected to pose any problems for the insurance, reinsurance and insurance-linked securities market, with insured losses expected to be relatively low and no chance of catastrophe bonds being exposed, according to Fitch Ratings.Fitch expects only a "modest impact" for the property & casualty insurance sector read the full article →

Hurricane Hermine insured losses expected to be manageable

Potential losses from hurricane Hermine, which became a Category 1 hurricane and is heading for landfall tonight in northwest Florida, are expected to be manageable for insurance and reinsurance capital, according to analysis from analysts Keefe, Bruyette & Woods (KBW) and risk modelling firms.Hermine is tracking towards the Gulf Coast read the full article →

Hurricane Hermine will break Florida’s hurricane drought

Updated 15:00 ET: Invest 99L, or tropical depression 9, which we've been tracking for over a week reached tropical storm status and has just been upgraded to Hurricane Hermine by NOAA. The storm, which is tracking towards the Florida panhandle, is forecast to remain a hurricane until landfall, breaking Florida's read the full article →