Insurers
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This is the first rate filing to use the recently approved Verisk model. -
The executive was previously Navigators’ head of excess casualty.
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The company was hit with a data breach on July 16.
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Despite mild headline CPI, some insurance-related items are heading in a worrying direction.
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Third Point purchased 50,000 shares of the E&S insurer, which represents roughly 0.1% of its shares outstanding.
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Commercial lines rate increases continued to increase, except from workers’ comp.
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Net adverse development for the quarter increased 30% year on year to $89.2mn.
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The executive has previously served on VCIA’s board of directors.
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The insurer said it expects to begin writing business by the end of the month.
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The executive joins from Coalition and brings more than 30 years of experience.
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