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The event now includes a casualty portion and has officially been re-branded as the Property and Casualty Symposium. -
Guy Carp CEO Dean Klisura said LA wildfires could slow rate reductions at 1 April.
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Changes in cat activity and social inflation have impacted carriers focused on the mid- and small commercial market.
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The impact of the devastating California wildfires is too early to ascertain, executives said during earnings calls.
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The insurer’s strong Q4 results might not read across to the rest of its peer group.
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Insurers are increasingly trying to push attachment points for excess layers up to $10mn.
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Commercial auto ended the year with its biggest gains at 9.82%, compared to 9.71% in Q3 2024.
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Loss-cost indicators are high for liability, low for property.
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Rate increases averaged 0.0% in December 2024, from 16.3% in December 2023.
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Supply generally exceeded demand and trading relationships were strong, CEO Tom Wakefield said.
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CEO Trevor Carvey said the revision reflected Conduit’s “favourable reception”.
