A trial court in New York has ruled that because a homeowners insurance policy contained conflicting provisions, Allstate had to cover the damages suffered when the home was destroyed by fire.

Munich Re, the worlds largest reinsurer, said storms led by Hurricanes Harvey and Irma will probably wipe out third-quarter profit and threaten the companys ability to meet its full-year earnings target.

Jose could easily point directly at North America, a maneuver that would put about $18.8 trillion in property from Maine to Florida in a potentially devastating shadow.