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Sources said Dowling Hales is advising the professional lines quoting platform on the process. -
Guy Carpenter said personal lines exposure would account for 85% of the aggregate loss.
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The FIO has limited power, but it has attracted fierce industry opposition.
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The laws mandating payments were enacted after devastating fires in 2018.
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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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It is among the first bills to pass the House during Donald Trump’s presidency.
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Auto severity continues to be an ongoing challenge for the industry.
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Foa becomes P&C national head and Lemann is small commercial director.
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The exec previously spent over 12 years at Aon, recently as chief innovation officer, commercial risk NA.
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The carrier’s Q4 operating EPS declined to $0.41 from $0.77 in Q4 2023.
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The industry loss number has increased threefold from an initial $5bn pick.
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The total includes fire and smoke damage plus living expenses for evacuees.
