Travelers
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March’s CPI report shows elevated inflation levels, including vehicle CPI of 10.5% and average used car price increase of 24.7%.
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Following the acquisitions of Trov and Insureon, what InsurTech M&A deals are next?
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A discrimination claim against a corporate vaccine mandate could be harder to assert if an employer is being consistent in their approach.
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The deal expands Travelers' personal lines segment, with Trov’s team providing technology solutions to the unit.
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The executive, who was with The Hartford for 19 years, is also joining Travelers’ small commercial leadership team.
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The firm reported encouraging quarterly earnings, but social inflation and other challenges still loom.
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The insurer increased its occurrence treaty coverage by $300mn as the aggregate deal shrank, following a full loss to reinsurers in 2021.
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The carrier’s head of bond and specialty said better security postures were leading to a reduction of claims across the industry.
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NPW grew 10%, near multi-decade highs, as underwriting profitability improvements in business insurance and bond & specialty were offset by a lower gain in personal lines.
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The latest report shows even higher inflation pushing up severity, forcing carriers to take rate.
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Commercial lines loss ratios may move slightly higher, while personal auto carriers see the light at the end of the loss-cost tunnel.
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The Inside P&C research team looks forward to the big issues of the new year.
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