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NatGen allegedly collected $500mn associated with the fraud.
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The proposed class says the plan does not cover smoke damage.
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Axa's newly formed teams join the company's "complex cyber" unit.
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The property market remains “one of the most favorable ... I've seen in my career,” the executive said.
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Rising medical inflation, less favorable frequency trends and difficulty in getting rate are challenging the line.
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The facility will write management, financial and professional lines.
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The event would represent a loss ratio impact of roughly 3%-10% on global cyber premiums of $15bn today.
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The market is expected to seek additional exclusions around systemic events.
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The first RICO complaint targeted medical providers and training centers.
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Loss cost inflation remains an unknown and is sustaining price discipline.
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The weighted average direct financial loss for a Fortune 500 firm was $44mn.
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Executives flagged elevated packaged auto loss activity in Q2.