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The arrangement enables PCS to expedite growth. -
NatGen allegedly collected $500mn associated with the fraud.
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The proposed class says the plan does not cover smoke damage.
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Reserving trends, pricing declines and hurricane forecasts are causes for concern.
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Longstanding investor Stone Point will continue as a partner and board member.
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Stable first half insufficient to counterbalance concerns on reserving trends.
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The industry is mostly reluctant to raise capital with high interest rates, except for brokers.
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It is understood that the goal is to use a capital injection to form a reciprocal.
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The program is led by the same carriers as the expiring treaty.
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The groups highlighted technical hurdles to implementation at a Wednesday hearing.
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The executive had been interim CEO since January.
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This is Emerald’s second facility, after its earthquake deal with Arrowhead.
