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With loss estimates projected to be well into the billions, this may be among the costliest ever U.S. catastrophes.

The outcome was deemed the result of "legal system abuse" by the defendant's insurer.

John Neal will depart Lloyd's after more than six years on the job.

"I'm hoping that insurance companies take a look at... the way they handle cancellations, and make some changes."

Sequoia's Kristen Peed will serve as president for the 2025 term.

Florida's insurer of last resort expects to end the year another 87,000 policies or so lighter.