Nationwide
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The pullback mirrors what the state went through last year before and after June 1.
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The executive will start in his new role on April 10.
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The MGU will help the carrier build its stop loss medical insurance portfolio.
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Claims analysis shows slow reactions to negative trends can affect several quarters, but carriers who emerge strong will be able to pursue growth faster than the competitors who are always playing catchup on loss cost trends.
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Excessive litigation costs and continued losses threaten the Sunshine state’s market.
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Nationwide will provide paper via traditional risk transfer through Ryan Specialty’s managing general underwriters or through the formation of a captive.
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Data from Apple and Google show that Omicron has slowed the return to driving in some of the largest states by premiums.
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The two appointments follow a senior management revamp that Nationwide has executed at its E&S business in recent months.
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Commercial lines loss ratios may move slightly higher, while personal auto carriers see the light at the end of the loss-cost tunnel.
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The mutual has written about $50mn in premium in a little over two months, while working with four distribution partners in targeting risks with around $10mn in TIV.
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Kinetic Insurance offers a patented safety device with a tech-driven approach to reducing injuries.
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Excessive speed and distracted driving are among some of the monsters scaring drivers and passengers this spooky season.