Insurers
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The broader legislation narrowly passed the Senate and now heads to the House. -
P&C’s outperformance lead dwindles, while specialty rises above other segments.
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The measure could have landed insurers with extra tax on US business.
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The ruling comes as insurers face growing legal pressures following the January blazes.
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Andrew Pryde succeeds Andreas Kull, who will stay on until September.
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Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
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The insurer intends to take on up to 81,040 policies this year.
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The ratings agency cited the carrier’s growth and performance.
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Additional buybacks are more feasible if P&C stocks slip and pricing moderates.
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The MGA and parent company Roosevelt Road Re have until July 21 to file a second amended complaint.
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The outages began around 07:00 ET on Tuesday.
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Much was learned after the fires, but it could take years before that data influences models.
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