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Frequency, intensity of weather-related losses to increase: AIR Worldwide

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U.S.-based catastrophe modeling firm AIR Worldwide Corp. has found that the frequency and intensity of losses from weather phenomena including thunderstorms, wildfires and floods is likely to increase and affect the insurance sector, Artemis.bm reports. The need for risk capital will increase as well as the pricing of protection if the insurance, reinsurance and ILS industry remain aligned with any accepted change in exposure levels, the report said.

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