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CoreLogic’s report for April 2024 saw rising costs across four common loss scenarios. -
Tropical Storm Risk (TSR) has updated its forecast for North Atlantic hurricane activity, predicting a "hyper-active season" in 2024, with activity being around 70% above the 1991-2020 climate norm.
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Compared to March, more sources shared accounts of rate declines and oversubscription.
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Westchester’s Kyle Garrett was named VP, executive underwriter for property.
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The oversubscription may signal additional capacity waiting on the sidelines.
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Ten states joined in the original suit.
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The announcement confirms earlier reports from this publication.
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Rate increases are expected to continue, but at a slower pace.
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Joe Morrello joined the firm in 2022 after serving as E&S property head at Beazley.
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The value of the bridge is estimated at $1.2bn.
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After the 2007-17 decade of “bad underwriting” carriers are recovering from “past sins”.
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Loss ratios and surplus improve for the group, but don’t guarantee this is a turning point.
