Personal auto
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Paid-to-incurred trends have remained flat compared to past cycle turns, and firms have reacted quickly. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The insurer plans to take more rate throughout the year.
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The more important driver of past downswings in loss costs has been unemployment.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.)
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The firm reported quarterly earnings featuring disappointing personal auto loss cost trends.
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The firm is an outlier on the negative side both in its state mix and the speed of its rating actions.
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The change in outlook comes after Kemper reported a $257mn UW loss for Q4, its third straight significant negative underwriting result.
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The merger proposal was supported by at least 95.9% of the votes cast at during a special meeting of stockholders on Tuesday.
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The carrier is seeking to combat a return to pre-pandemic claims frequency and surging claims severity.
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The offering includes auto repair shops, auto body shops, car washes, oil change stations, tire shops and auto parts stores.
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