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Peters will help guide Kinetic Insurance’s growth strategy after its recent launch in partnership with Nationwide. -
The company also announced the appointment of Prudential’s Billy Greer to its board of directors
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The company recognized $24.2mn of favorable prior-year loss reserve development this quarter, versus $39.7mn last year.
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Co-CEO Carl Lindner said his company has made “some adjustments” in staff compensation in response to higher inflation rates.
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The lingering pandemic leaves the industry with uncertainties over return to work, labor shortages and Long Covid.
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Woodruff Sawyer said insureds still have leverage in competitive marketplace even as carriers eliminate communicable disease extension endorsements.
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InsurTech Slice Labs and workers’ comp MGA Appalachian Underwriters have expanded AERO’s contractors’ general liability insurance to two additional states – California and Colorado – the companies said.
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Neal Fuller has served as CFO for the workers’ comp specialist since 2015 and plans to retire in 2022
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The CEO said Pie is “actively pursuing” additional shell companies in commercial insurance to further facilitate its transition to full-stack insurer.
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The ratings agency attributed the reversal to the “muted” impact from the Covid-19 pandemic, favorable combined ratios and a redundant loss position.
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Kinetic Insurance offers a patented safety device with a tech-driven approach to reducing injuries.
