CNA’s Robusto: Rate rises are ‘well above’ loss cost trends
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CNA’s Robusto: Rate rises are ‘well above’ loss cost trends

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CNA chief executive Dino Robusto has said the rate increases his company is getting in the market remain “well above” long-term loss cost trends, but, with court activity picking up and economic inflation surging, price increases will need to continue for the foreseeable future.

Robusto told analysts on his company’s earnings call on Monday, after it reported results in which underwriting slipped due to higher catastrophe losses, that rates at CNA increased by 8% in the quarter, matching the scale of price gains...

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