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It is understood that the company needs to secure cash within less than 30 days. -
Downward trends of DCC ratios are beginning to reverse, which could cause issues for long-tailed lines.
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A litany of underwriting and quoting constraints has made it much harder to write business.
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However, capacity build has slowed over the past year, sources say.
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Workers’ comp releases continue to mask deteriorating reserves in 2023.
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The agency cited the InsurTech’s material underwriting losses in 2023.
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This continues a consecutive quarterly gain of over 6%.
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Sizeable investment returns masked 10-year high underwriting losses.
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Bill Fahrner most recently served as CUO at Joyn Insurance.
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The company’s book is being run off by Boost Insurance.
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The company would ideally like to target a minority investment.
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He joins Fairmatic’s executive team to lead new product production.
