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Since raising $75mn in a Series C funding in June, the company has launched offerings in two states and launched an insurance carrier.
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Insurers are expecting two waves of claims from Hurricane Ian, the first within 30 days from landfall and the second spreading out for up to two years after the storm.
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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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The Manheim Vehicle Value Index declined to 204.5, showing signs of returning to prices from a year ago, down 0.1%.
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As the loss numbers for Hurricane Ian begin to come into focus, three topics to watch are impact from demand surge, litigation trends, and rate activity.
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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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Auto insurers look set to generate a larger share of losses than with most US wind events.
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KCC has added a loading for litigation costs to the storm loss estimate for the first time.
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Universal P&C, the FHCF, Axis, Berkshire and Nephila are among the firms that will be in focus as the loss develops.
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Hurricane Ian’s total effect is still unknown, but lessons from Hurricane Irma give insight into potential outcomes.
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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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The outlook for AmFam's affiliate NGM Insurance's $70mn 7.25% 20-year surplus notes has also been revised to negative from stable.