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The London D&F market will shoulder most of the losses. -
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.
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The carrier is looking to accelerate E&S growth after 7% expansion in 2024.
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Q4 net retention was impacted by the previously announced ADC.
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Under the new guidelines, the carrier is requiring more distance from the brush.
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The organization was hoping to grow its reinsurance cover.
