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The firm’s underwriting performance is hard to piece together from the limited available data. -
Mental health problems account for 52% of all workplace injury cases.
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The segment’s accident year 2023 combined ratio moved up 1 point to 98% in 2023.
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The all-items CPI has increased 3.4% over the last 12 months.
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The carrier’s comments on claims severity should serve as a warning for the industry
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Yesterday, the carrier reported its Q1 CoR improved 2.3 points to 111.6%, reflecting a better CAY loss ratio.
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The business consists of the workers’ compensation book and auto casualty bill review solutions.
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Michael Smith is a former mortgage broker.
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The carrier is also targeting E&S growth in property brokerage and global specialty.
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Workers’ comp releases continue to mask deteriorating reserves in 2023.
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Specialty reinsurance MGU Waypoint has formed a strategic partnership with workers compensation carrier CompSource Mutual.
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Trends in IBNR might suggest over-optimism in carriers’ reserving outlook.
