-
Korte had been serving as interim president of the unit since December. -
The costs of accident/casualty-related claims continue to rise.
-
Universal submitted allegedly ineligible claims to the Florida fund.
-
California, Texas and Florida rose 15.7% in February and 29.1% in January.
-
Allianz has previously entered several capacity arrangements with the MGA.
-
The amount of change over the past year falls short versus the discourse.
-
Capital funding new litigation dropped 16% YoY, however.
-
The bill being considered would effectively eliminate personal injury protection.
-
A US buy would have to be easily integrated, the CEO stated.
-
Overall market capacity increased by 5.3% year-on-year, the broker reported.
-
Coverage will increase to $20mn per building.
-
The executive said AIG’s E&S arm can grow 20% a year and generate $4bn of new business.
