Casualty/GL
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Reinsurers will likely push for double-digit US premium rate increases.
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US liability was a hot topic at the European conference.
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Increasing loss picks in difficult lines suggest top writers are accepting shifting loss trends.
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The lawsuit names additional attorneys, doctors and medical practices.
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The company is currently “underweight” in that line of business, he added.
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The reinsurer constructed a “social inflation index” for a new study.
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The broker reported that global reinsurer capital reached a record of $695bn as of June 30.
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The transaction complements its previous acquisition of RMS in 2021.
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Rate increases on primary liability placements range from 10% to 20%.
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The highest releases in nearly 15 years challenge conventional wisdom on reserving.
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Civil case, nuclear verdict and claims count data show worrying trends.
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The lawsuit demands coverage from insurers following opioid and product liability-related settlements.
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While the alleged fraud is shocking, could it suggest the industry is under-investing in claims?
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This is in large part due to the current legal environment and inflation continuing to push medical pricing up.
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The top four lines posted low-single digit to high-single digit policy count growth.
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The executive joined Chubb in 2013 as assistant VP and regional manager.
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The executive brings more than 30 years of industry experience to the role.
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The complaints are the first effort to crack down on existing suspicions.
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Britt Sellers joins as head of brokerage casualty and Tyler Turk as director, primary casualty.
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Reserve analysis shows that OL reserving may be insufficient for recent AYs.
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The property market remains “one of the most favorable ... I've seen in my career,” the executive said.
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Loss cost inflation remains an unknown and is sustaining price discipline.
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Executives flagged elevated packaged auto loss activity in Q2.
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Travelers and Selective’s releases point to ongoing reserving challenges this earnings season.
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