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The rating reflects “the entity’s role and strategic importance to Beazley as an excess and surplus writer in the United States”, AM Best said.
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Commercial property rates in Hawaii, which sustained a major wildfire event in August, went up to 5.02% that month from 1.65% in July, but remained lower than the average even after the increase.
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A 19-year veteran of the insurance industry, he has held executive positions in finance, operations and underwriting within property and casualty lines of business.
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Pricing, reserves and uneven catastrophe losses will be the theme this quarter.
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An RPS report cites a drop in demand from Covid highs, along with increasing competition among carriers and near-record capacity as among the challenges currently facing transportation insurers.
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Rising counterparty risk from economic slowdown will support prices and growth.
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Inside P&C explores topics that will likely be addressed at the Target Markets 2023 annual conference.
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Farmers’ agents in Florida will be offered an appointment with Slide. Renewals issued by Slide will begin for February 2024 effective dates.
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In tandem, the percentage of Negative outlooks almost doubled from 5.4% at year-end 2022 to 9.9% at June 30 2023.
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The move follows another incredibly soft year for the all-risk market as aviation war continues to harden.
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Pera is launching as a division of Desq — USQRisk’s managing general agent accelerator/incubator — and is the first program Desq has brought to market.
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On a year-on-year basis, the all-items index for September increased 3.7% before seasonal adjustment.