Nationwide

The changes will take place “over the next few years” and will also include migrating all personal lines business into a single operating model and platform.

The business reductions will affect policies up for renewal from December 2023 to July 2024.

Inside P&C’s news team runs you through the key highlights of the week.

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.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

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.