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Slide, American Integrity, and Security First were approved. -
The hires fill roles previously held by Martin Leitch and Dave Logan.
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Increased cat losses in property offset auto improvements.
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The carrier has filed to withdraw from nine states total.
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The non-renewals will continue through June 15, 2025.
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Insured loss estimates are not yet available.
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GL reserves continue adverse development trend for 2015-2019 accident years.
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Root’s improved results make it an attractive acquisition, not a comeback story.
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Personal auto rates increased 19% during the year.
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The InsurTech’s shares gained over 50% in value on Thursday.
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The company posted favorable development in the last quarter of 2023.
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Twia’s actuarial and underwriting committee made the recommendation last week.
