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Ratings agency A.M. Best Co. expects French insurers and reinsurers to increase premium levels and decrease their risk appetite for natural catastrophes as the frequency and severity of weather-related events like wildfires, storms and droughts increases, Captive International reported. The Federation Francaise de l'Assurance has pegged its latest insured weather-related natural catastrophe losses estimates for 2022 at around €10 billion ($10.7 billion).