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The losses do not change the near-term assessment of CinFin’s balance sheet strength. -
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.
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Ultimate losses from the Palisades, Eaton and Hurst fires are estimated at $4bn.
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A report from the reinsurance broker said fast rate approvals are key to stabilizing the California marketplace.
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The company, meanwhile, is bullish on E&S US casualty.
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The role at PCS included acting as primary touchpoint for ILS.
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The spillover impact from the LA wildfires will play a major role in how much reinsurance capacity will be available.
