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The carrier notified California regulators that it would stop renewing plans starting last month.
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The ratings outlook has also been revised to stable from negative.
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One of the options being explored is setting up a dedicated company for the wholesale vertical.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Lawyers said uncertainty raises litigation risks, and signals from the federal government aren’t expected to help.
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Supply for property outstrips demand, but the casualty market is “bifurcated”.
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The company generated $71.4mn in revenue for H1 2025.
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Clients in the segments that AIG trades in may not be as receptive to the idea as the insurer would like.
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The insurer has been under review with positive implications since March.
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The bi-partisan legislation would make FEMA a cabinet-level agency.
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The new MGU is expected to formally launch before the annual WSIA marketplace in San Diego.
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Despite rate reductions accelerating, the sector-wide combined ratio is set to remain below 90% through 2027.