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The class can collectively challenge State Farm’s property claims calculations. -
On the rate environment, Schnitzer said the amplitude of the pricing cycle is shrinking.
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All lines except workers’ comp are up year over year, however.
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The losses were below May’s $777mn, but almost 3x higher than for June 2024.
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CEO Jeff Consolino will undertake CFO duties on an interim basis.
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Cat losses declined to $927mn from over $1.5bn a year ago on windstorms and hailstorms.
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The suit claims billions of dollars are being illegally withheld.
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PL coverage is being stripped out of admitted, packaged policies and increasingly purchased in the E&S market.
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Rate gains are easing across many commercial and personal lines.
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In March 2024, Cowen was appointed to lead Chubb’s new international transactional liability platform.
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The executive had been Stone Point’s representative on Higginbotham’s board.
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This publication revealed the planned stake purchase earlier this week.
