Nationwide
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The two appointments follow a senior management revamp that Nationwide has executed at its E&S business in recent months. -
Commercial lines loss ratios may move slightly higher, while personal auto carriers see the light at the end of the loss-cost tunnel.
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The mutual has written about $50mn in premium in a little over two months, while working with four distribution partners in targeting risks with around $10mn in TIV.
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Kinetic Insurance offers a patented safety device with a tech-driven approach to reducing injuries.
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Excessive speed and distracted driving are among some of the monsters scaring drivers and passengers this spooky season.
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The executive will oversee the company’s E&S and specialty business operations, claims and Nationwide Indemnity.
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Trucking companies, having already increased self-insured retentions by millions, will need to contend with further rate increases into 2024.
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Interest in cybersecurity products has recently jumped by 10%, while insurance buyers feel more comfortable working with agents remotely.
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While the pandemic offered some relief to commercial auto insurers, maintaining margins will be tricky to achieve given rate moderation.
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Tim Frommeyer is set to take over as CFO.
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Three-fifths of the cash will be contributed to the American Red Cross to fund emergency aid.
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Paragon CEO Ron Ganiats says the MGA is “leaning in aggressively” as it builds an extensive admitted lines portfolio.
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