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The latest cat event may not be enough to change the overall market, he added. -
More than 33,000 claims had been filed as of 5 February.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Rate falls across the property class and uncertainty around the US administration dominated conversations.
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The losses do not change the near-term assessment of CinFin’s balance sheet strength.
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The bill seeks prompt claims payments and settlements, and greater transparency.
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A quick roundup of today’s need-to-know news, including Assurant’s California losses.
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The estimate covers property and vehicle claims.
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On a year-over-year basis, however, most commercial lines recorded renewal rate rises.
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The broker attributed the drop to smaller average deal sizes over the quarter.
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His predecessor Peed remains with the firm as executive chairman.
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The insurer disclosed the estimates as it seeks emergency rate hikes from regulators.
