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The loss aggregator has classified the fires as two separate events for reinsurance purposes. -
The insurance commissioner said the carrier has not shown the need for price increases.
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At the first Insurance Insider US Miami Forum, Floridian industry players pointed to signs of stability.
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More than 33,000 claims had been filed as of 5 February.
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Rate falls across the property class and uncertainty around the US administration dominated conversations.
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The losses do not change the near-term assessment of CinFin’s balance sheet strength.
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The bill seeks prompt claims payments and settlements, and greater transparency.
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The estimate covers property and vehicle claims.
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His predecessor Peed remains with the firm as executive chairman.
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The insurer disclosed the estimates as it seeks emergency rate hikes from regulators.
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The supply chain in personal auto, and the impact on inflation are areas of concern.
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Alexandra Furth has more than 20 years of claims and legal leadership experience.
