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“Hammer letters” are going around, and insurers are struggling to coordinate on claims handling. -
The H2 rate predictions mark a slight moderation from those in H1.
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The mean nuclear verdict for 2013-2022 was $89mn, versus $76mn in 2010-2019.
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Despite reserving actions, there are no signs of reinsurance capacity shortages in the market.
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The executive joined the firm in January from Nationwide.
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The new suite of coverages is designed to meet the unique needs of healthcare organizations.
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The MGA’s underwriting capacity for casualty programs now totals $17mn.
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But auto insurance is still a ‘hot-button’ item for carriers.
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It is backed by paper from MS Transverse, this publication understands.
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The average 2023 premium renewal rate change for commercial property was significantly higher than 2022 across all months.
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A quick roundup of this week’s biggest stories.
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Insurance Insider US’s morning summary of the key stories to get you up to speed fast.
