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The figure represents a 12.1% increase over full-year 2023.
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The carrier has not added new business in the state since 2007.
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The carrier disclosed it will book $1.1bn in net losses from the California fires.
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The suit accuses CEO Brian Cornell and other Target executives.
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Admitted carriers are dropping middle-market business due to large verdicts.
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The carrier anticipates the impact of the wildfires to drive January cat losses up to $40mn.
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The carrier’s Eaton Fire loss would be a retained net loss hit.
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The underwriter has worked at Axis for a decade.
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The Pacific region led the quarter’s price decline at -8%.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The event now includes a casualty portion and has officially been re-branded as the Property and Casualty Symposium.
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At January 1 renewals, prices dropped 5%-15% for loss-free programs.