Personal auto
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July CPI data show first decline in auto premiums since December, but prices overall continue to rise.
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The company’s combined ratio rose by 5.9 points to 95.7%, as lower second quarter catastrophes and a better expense ratio helped mitigate the impact of the higher attritional loss activity.
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Homes and vehicles were damaged as flash floods washed across Utah in a weekend deluge.
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NTUM is to complement Amwins’ transportation underwriters and help spur regional growth.
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Social Inflation could rebound faster than expected and disrupt the industry's narrative on margin expansion.
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McKee sided with the ACPIA, who have opposed the legislation due to the potential for raised costs.
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Progressive’s June results point to worsening underlying trends for personal auto carriers.
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The Florida Office of Insurance Regulation asked insurers to report virtually every type of policy in effect at the 12-story Champlain Towers South.
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It may take a few more months for personal auto carriers to see the full extent of the impact.
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The price rise, which pushed the CPI motor vehicle insurance index up 1.2%, was below the 16.9% rise the Bureau of Labor Statistics reported in May.
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Logan McFaddin, a lobbyist for the APCIA, applauded the governor's use of his veto over legislation.
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The personal lines giant's best approach to growth may be sticking to its proven strengths.
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