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Elevated casualty and high property claims are concerns, however. -
Major reserve releases help drive strong Q3 and year-to-date results, but the industry looks over-optimistic.
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This would allow the former Truist Insurance to place binders on its MGAs itself and open other growth opportunities in EC3.
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The agency affirmed its A+ financial strength rating for the companies.
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The P&C industry had its best Q3 combined ratio since 2015, driven by personal lines.
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A jury found the retailer defamed a former driver with false claims of workers’ compensation fraud.
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Sources said that the underwriter has been working with Houlihan Lokey to find a potential backer.
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The association’s Hurricane Beryl net loss stood at $455mn as of 30 September.
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The industry posted a good quarter, but reserving and loss cost concerns hardly abated.
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The broker will be using Verisk US agricultural risk models.
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Insurers and their allies hope to capitalize on increased attention to pass a slew of reforms.
