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The Hartford and Aon also posted notable, though more muted, stock bumps.
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The reforms will be included in a new plan of operation for the state’s insurer of last resort.
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CinFin added reserves in Q2 after incurred losses emerged higher than expected.
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The CEO estimated that the loss trend is running in the high 5% range, slightly below the carrier’s rate increase.
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The Insurance Insider US news team runs you through this week’s key M&A deals.
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The contraction so far this year is in line with the executive’s expectations.
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The CEO noted that the tort reforms have not led to rate pressure yet.
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President Eric Andersen said that non-malicious cyber risk was “front of mind” for clients.
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A roundup of today’s need-to-know news, including Commissioner Lara’s FAIR plan reforms.
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The arrangement enables PCS to expedite growth.
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The firm said losses could fall under $300mn if more favourable assumptions were applied.
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A quick roundup of this week’s best journalism.
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