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Burns & Wilcox growth across personal, professional lines helps lift HW Kaufman Q2 -
The ratings agency said volatile underwriting results had been a driver of the downgrade.
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The InsurTech tempers investors’ expectations about immediate profits and faces challenges in new markets.
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Attorney television advertising targeting remote workers could have lasting impacts on personal auto trends.
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The company’s combined ratio rose by 5.9 points to 95.7%, as lower second quarter catastrophes and a better expense ratio helped mitigate the impact of the higher attritional loss activity.
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Assurant posted a 19% jump in second-quarter net operating income on Tuesday, helped by strong sales in its auto unit and expansion of its mobile phone coverage.
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Shares in the newly listed InsurTech were up just more than 1% on the day to $9.90 a share, but below the original $10 listing price of its merger partner, Reinvent Technology Partners Z.
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Homes and vehicles were damaged as flash floods washed across Utah in a weekend deluge.
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NTUM is to complement Amwins’ transportation underwriters and help spur regional growth.
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Graham has been with the MGU for the previous six years, working in the high-net-worth niche.
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Openly’s homeowners' insurance products will now be available on the Policygenius tech platform.
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Florida-based Gulfstream is forced to liquidate after falling into insolvency.
