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Getting that message across is key to bettering the industry. -
Following the Golden Age of Specialty, franchise quality will play a bigger role in determining success.
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Florida led deregulation by eliminating the diligent effort rule in June.
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Full-stack carriers fail to outclass incumbents with no clear platform differentiation.
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Ongoing pricing headwinds stand to weigh on carriers’ returns and valuations.
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Reinsurers are mostly aligned on cat reinsurance, but goals are otherwise diverse.
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The regional insurer has increased its weighting to OLO and commercial auto, versus comp.
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Catastrophe losses in Q1 exceeded $50bn, the second highest on record.
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Inflation indices fell in April, but some items related to P&C are still elevated.
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Growth and returns on equity fall, but most of the industry is still profitable.
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P&C held up better than the S&P 500, but there are causes for longer term concern.
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Imported goods account for 30%-50%+ of materials used for HNW homes, versus 15%-25% in standard houses.
