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Cyber premiums dropped 1.8%, while commercial auto was up 8.9%. -
The suit accuses CEO Brian Cornell and other Target executives.
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The carrier’s US platform will continue to be led by long-time executive Sal Pollaro.
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The average change for primary policies with the same limit and deductible was a 3.5% decrease.
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Anti-DEI shareholder activist groups are targeting directors and officers with increasing threats of litigation.
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Sources said Dowling Hales is advising the professional lines quoting platform on the process.
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Challenges in claims frequency and carrier competition are likely to remain.
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‘Emotionally driven’ claims by non-profits underscore their unique D&O exposures, according to Travelers' Nicole Murphy.
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A Delaware judge ruled that a “bump-up” exclusion was inapplicable.
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Federal court securities class actions hit a four-year high last year.
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Frequency and severity of claims is starting to rise, and comes after sharp softening of rates.
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The expectation – and strong hope – is that deregulation will spur growth and bring benefits to the D&O line.
