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The firm projects losses from the fires at between $160mn-$190mn.
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Comments came as universal reported a 4.2 CoR jump to 107.9% in Q4.
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State Farm General has asked California regulators for an emergency rate increase.
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Technology is key to streamlining the value chain and mitigating loss ratios.
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In the absence of interim action, the segment could face an “availability crisis”.
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Big tort reform packages are on the table, but California steals the show, for now.
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The carrier will look to expand business outside North America.
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The US sports disability market has been dubbed the “problem child” due to its volatility.
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The carrier has paid $1.75bn on around 9,500 claims filed from the wildfires.
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The Insurance Insider US news team runs you through the earnings results for the day.
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A quick roundup of today’s need-to-know news, including Ches Special Risk, Bowhead, ProAssurance and more.