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He will replace Scott Lee, who is retiring after 40 years in claims. -
After seven years of premium rate growth, rates are down 5% to 40% across the US.
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Despite positive inflation headlines, there are issues for insurers under the surface.
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The Floridian company applied to be traded on the NYSE.
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Rouse was promoted to co-global placement leader last October.
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Live since May 2023, the reinsurer has over 40 trading relationships currently.
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The coverage will only be available in Illinois and Michigan at first.
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Despite wildfires, reinsurers are “well positioned to maintain strong profitability in 2025”.
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The 12 insurers together have $418mn in policyholder surplus.
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The tariffs could expose insurers to the risk of recession and shrinking income.
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Korte had been serving as interim president of the unit since December.
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Universal submitted allegedly ineligible claims to the Florida fund.
