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Commercial and residential carriers have different requirements.
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The all-items CPI has increased 3.3% over the last 12 months.
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The long-term issuer credit rating on Fairfax Financial Holdings was revised to BBB+ from BBB.
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Excess capacity rebounded in June 2023 after hitting a decade-low just 12 months earlier.
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Regulatory compliance risks were listed as the third-greatest concern.
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Of that total, $312.5mn was allocated to resolve the PFAS claims.
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Ten companies have filed a 0% increase and at least eight companies have filed a rate decrease to take effect in 2024.
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The CEO is one of more than 20 executives who received letters from Floir citing Statute 624.4073.
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The CEO said companies are still taking charges on years 2013 to 2019.
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The ratings agency flagged the “increasingly favourable” underwriting results.
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The market has advanced in sophistication but must tackle talent, tax and diversification issues.
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Concern about vague cat modeling language was a theme at a Tuesday workshop.