Uncertainty about typhoon loss leaves ILW contracts at risk
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The industry-loss warranty contracts for typhoon Jebi-related losses are facing uncertainty due to differing loss estimates between unofficial trigger data sources and expected insured losses, leaving the contracts potentially at risk, Artemis.bm reports. Trigger data sources for typhoon Jebi show estimated insured losses below $10 billion while the expected insured losses could total up to $16 billion.
