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Insurers can offer features the beleaguered fund can’t, the MGA said. -
Smaller accounts remain less affected by an influx of MGAs.
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Insured losses produced the second highest first-half tally since records began in 1980.
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The executive will continue to lead CRC Insurisk in the expanded role.
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As the US recovers from a major flood event, the vast majority of Americans remain uninsured.
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The company adjusts its rate options to expand California business under the new cat model.
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The executive said the claims industry is going to “be transformed”.
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Wind season remains an important variable, but also might not change current dynamics significantly.
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Casualty rates increased 4% globally but shot up 9% in the US.
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Litigation seeks to block insurers from passing assessment costs to consumers.
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Renewal rates fell, despite elevated catastrophe losses.
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Alcor has also opened an Atlanta office, broadening operations in the US market.
