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Top Stories / Ad / Most Recent
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January CPI/PPI heats up but won’t translate to higher loss costs. -
The estimate is net of its per-occurrence reinsurance program and gross of tax.
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The carrier expects to book $100mn-$140mn from the California wildfires.
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The firm’s core CoR improved 3.2 points to 90.2%.
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Insurers have paid $6.9bn in Southern California wildfire claims in the first four weeks of recovery.
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Commissioner Lara calls the 10 bills a ‘comprehensive legislative package.’
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A quick roundup of today’s need-to-know news, including Liberty Mutual, State Farm and PCS wildfire estimates.
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Gallagher paid out $1.7bn in 2024, additional to its costs for AssuredPartners.
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The executive joined the firm in early 2023 after 10+ years at Aon.
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Regionals and smaller carriers need to exercise vigilance when expanding commercial casualty lines.
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The loss aggregator has classified the fires as two separate events for reinsurance purposes.
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The insurance commissioner said the carrier has not shown the need for price increases.
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