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Michael Smith is a former mortgage broker.
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The policy offering expands third-party liability coverage and wage and hour liability.
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Prices for programs that renewed in both Q1 2023 and Q1 2024 decreased 15%.
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The hire comes after the company’s recent rebrand from Capitola Insurance.
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The executive has been with Zurich since 2018.
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The plaintiffs – three former claims adjusters – were each awarded $25mn in punitive damages.
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Pauline Morley will report to John Van Decker, head of global financial lines.
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The US regulator faces litigation from both sides of the climate issue.
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A total of 30 carriers entered the US public company D&O space in 2023.
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Chres Lee was previously M&A counsel for Liberty Global Transaction Solutions.
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Given ample capacity and no sharp increase in demand, a market sea change is not expected, barring an unforeseen economic event.
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WTW said the rise of the risk from health and safety was “surprising”.