Nationwide
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The executive will oversee the company’s E&S and specialty business operations, claims and Nationwide Indemnity. -
Trucking companies, having already increased self-insured retentions by millions, will need to contend with further rate increases into 2024.
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Interest in cybersecurity products has recently jumped by 10%, while insurance buyers feel more comfortable working with agents remotely.
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While the pandemic offered some relief to commercial auto insurers, maintaining margins will be tricky to achieve given rate moderation.
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Tim Frommeyer is set to take over as CFO.
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Three-fifths of the cash will be contributed to the American Red Cross to fund emergency aid.
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Paragon CEO Ron Ganiats says the MGA is “leaning in aggressively” as it builds an extensive admitted lines portfolio.
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Johnston’s arrival fills a gap left by the exit of Tom Clark from the $4bn unit.
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The move is a vote of confidence in the mutual insurance giant’s corporate venture arm.
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The carrier says it will streamline systems integration and cut costs for companies looking to work with the insurer.
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Largest insureds scale back on purchasing in response to tough casualty pricing.
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Hover uses computer visualization and machine learning to appraise home repair costs.
