25 unchanged sentences
Inflation in excess of the levels we have assumed could cause losses and loss adjustment expenses to be higher than we anticipated.
+Added: Inflation assumptions also impact our reinsurance costs and the amount of reinsurance we must purchase to meet certain thresholds and higher inflation assumptions cause our reinsurance costs to increase.
Substantial future increases in inflation could also result in future increases in interest rates, which in turn are likely to result in a decline in the market value of the investment portfolio and cause unrealized losses or reductions in total stockholders’ equity.
−Removed: Our Commercial All Risk, Specialty Homeowners and Hawaii Hurricane businesses expose us to claims from seasonal weather events such as hurricanes and windstorms.
+Added: Our Commercial All Risk and Hawaii Hurricane businesses expose us to claims from seasonal weather events such as hurricanes and windstorms.
The occurrence of such events typically increases between June and November of each year.
−Removed: As a result, we may experience increased losses in our Commercial All Risk, Specialty Homeowners and Hawaii Hurricane lines of business during this period.
+Added: As a result, we may experience increased losses in our Commercial All Risk and Hawaii Hurricane lines of business during this period.
Our Residential Earthquake and Commercial Earthquake businesses are not subject to seasonality.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.