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In his new role, he will oversee insurance operations across business development, underwriting, claims, carrier and reinsurance relationships.
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The medical care index increased 0.4% month over month (in line with April's increase) and 4% versus May 2021.
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Month over month, rates were up across business owners’ policy, general liability, commercial property and workers’ comp.
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The Truist-owned broker aims to make purchasing and managing home and auto coverage easier for retail clients.
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For the month, motor vehicle insurance costs rose 0.8%, compared to 0.7% in March.
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Premium renewal rate change for major commercial lines of business moved up year-on-year, except workers’ compensation, which remained negative.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The program focuses on underserved mid-fleet trucking accounts.
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Unlike other P&C lines who managed to deliver combined ratios averaging in the low-to-mid-90s, commercial auto averaged 106% for around the last decade.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Nirvana aims to use telematics data to help trucking fleets mitigate risk, improve driver performance, and simply the trucking insurance process.
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An examination of the costs of claims found a 21.3% increase in total costs in 2019 over 2015 when an attorney is involved.