Travelers
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‘Emotionally driven’ claims by non-profits underscore their unique D&O exposures, according to Travelers' Nicole Murphy. -
The company’s stock price has plummeted in the wake of the LA wildfires.
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A quick roundup of our best journalism for the week.
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Newcomers enter on the belief that they have a “better mousetrap”, said Donato Monaco.
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Asbestos claims for exposed insurers could place more pressure on workers’ comp reserves.
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Umbrella and commercial auto led Q3 rate hikes with double-digit increases.
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The firm reported $547mn from Hurricane Helene losses.
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Top concerns also included medical cost inflation and employee benefit costs.
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Civil case, nuclear verdict and claims count data show worrying trends.
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The figure represents a quarterly increase of 102%.
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Travelers now holds around 6.2% of Fidelis, down from over 7.2%.
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The industry could weather a recession, unless loss costs and reserving pressures worsen.
