Nationwide

CPI figures show loss costs are cooling, and if rate levels cannot reach adequacy we are likely to see more pausing from the industry beyond State Farm, Allstate and Nationwide.

Need to Know

Need to Know

The carrier said the purpose of the changes is to mitigate risk and manage its personal and commercial lines portfolios.

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The pullback mirrors what the state went through last year before and after June 1.

The executive will start in his new role on April 10.

The MGU will help the carrier build its stop loss medical insurance portfolio.

Claims analysis shows slow reactions to negative trends can affect several quarters, but carriers who emerge strong will be able to pursue growth faster than the competitors who are always playing catchup on loss cost trends.

Excessive litigation costs and continued losses threaten the Sunshine state’s market.

Nationwide will provide paper via traditional risk transfer through Ryan Specialty’s managing general underwriters or through the formation of a captive.

Data from Apple and Google show that Omicron has slowed the return to driving in some of the largest states by premiums.