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Ron DeSantis has also announced proposals to modernize Florida’s "bad faith" law, in the latest set of reforms he described as the most “comprehensive in decades”. -
If January’s trends are any indication, the next step for Florida’s plaintiff attorneys will be to redirect their efforts to another piece of the market.
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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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Pre-tax current accident year net cat losses for the insurance and reinsurance segments totaled $34.6mn for the quarter, nearly half of the $72.3mn figure posted in Q4 2021.
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Canopius also added Jade Weaver, former management and professional lines underwriter at Argo, to its Bermuda team.
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Inside P&C breaks down some of the key themes and commentary from commercial, personal and specialty line carriers, as well as brokers, during the season so far.
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The firm will exhaust its personal lines reinsurance coverage on the storm, pushing its personal lines carrier into insolvency, with commercial claims doubling.
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Analysis of Argo’s valuation suggests this is a rich multiple when accounting for potential reserving noise.
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The cat XoL rate increase in Europe was over 40%, while the average attachment point of the global property cat business increased “meaningfully,” he added.
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A canvass of Florida executives by Inside P&C suggests glimmers of an improved claims environment ahead.
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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 Bermudian reported $15mn in catastrophe losses for the quarter, down from $125mn in the same period last year.
