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Hippo estimated its pre-tax cat loss from the LA wildfires at $42mn. -
Industry veteran Tonya Courtney will lead the company’s newest E&S business.
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The big brokers are lining up London capacity to write follow lines on US risks.
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As of February 14, the company received 405 claims.
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The London D&F market will shoulder most of the losses.
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The MGA will be trying to replace the transactional liability capacity in the coming weeks.
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Florida House speaker Daniel Perez is seeking an investigation into the charge.
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Customers will keep their agent relationship and policies will not be impacted.
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On Monday, the firm reported a Q4 CoR of 155.1%, versus 98.1% a year ago.
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Inflation, supply chains and tariffs also add to the challenges, he said.
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Commercial auto was the exception, ticking up slightly from January.
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Enacting SB 360 may have created a spike in construction claims in Florida.
