Personal auto
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Smaller accounts remain less affected by an influx of MGAs. -
The automaker’s insurance arm wrote over $300mn in premium last year.
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Hagerty Re will now assume 100% of the premium and 100% of the risk.
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The executive said the claims industry is going to “be transformed”.
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Litigation seeks to block insurers from passing assessment costs to consumers.
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Rising inflation could raise claims severity but also increase investment income.
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June’s increase was up from May’s 0.2%.
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The late March storm caused extensive damage in southern Quebec and Ontario.
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Early adopters of AI will see efficiencies – and likely increased market share, Kantar said.
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In The Car offers embedded auto insurance by integrating policies into dealership management systems.
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The Pennsylvania-based insurer experienced a 10-day network outage this month.
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Tariffs could drive up property loss costs, but the impact on other items has been muted.
