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Universal submitted allegedly ineligible claims to the Florida fund. -
California, Texas and Florida rose 15.7% in February and 29.1% in January.
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Allianz has previously entered several capacity arrangements with the MGA.
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The amount of change over the past year falls short versus the discourse.
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Capital funding new litigation dropped 16% YoY, however.
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The bill being considered would effectively eliminate personal injury protection.
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A US buy would have to be easily integrated, the CEO stated.
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Overall market capacity increased by 5.3% year-on-year, the broker reported.
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Coverage will increase to $20mn per building.
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The executive said AIG’s E&S arm can grow 20% a year and generate $4bn of new business.
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There is a long waiting list of carriers looking to pull the IPO trigger, but market conditions remain tough.
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The decision comes after the agency refused to block a climate related vote at Travelers.
