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The hard reinsurance market and elevated cat losses continued to drive rate increases. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The exit of the start-up line will allow the company to apply its resources and underwriting expertise to other segments.
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H1 2023 renewal rates for wind and fire-exposed properties in Florida, Louisiana and Texas increased more than 300% in some cases, exceeding the broker’s January forecast.
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The bishop’s insurance policies include general liability coverage, auto, employment practices, E&O, D&O, excess liability, cyber and sexual misconduct.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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During the first quarter, Chubb paid $200mn and another $300mn last month, according to the company’s Q1 10-Q filed with the SEC.
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The insurer made the payment on April 20, according to SEC filings reviewed by Inside P&C.
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Chubb earnings reveal strategic expansion in Asia and pricing outpacing exposure.
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One question in the community is whether nuclear verdicts this year will spark a re-acceleration of rates, especially in the lead excess layers.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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US District Judge Richard Andrews struck down the arguments by some insurers that the judgment inflated claims and contained factual errors.
