Personal auto
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New inflation data showed pricing continued to weaken in July as companies pivot to growth. With flat severity, margin pressures are building. Frequency remains the wildcard. -
The carrier's core earnings rose by 17.7 percent year over year to $1.33 per share in Q2 2019.
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The InsurTech founded by MIT scientists raised $500mn from heavy-hitter Softbank in December.
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The acquisition expands Risk Strategies’ wholesale trucking operations.
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Terms of the deal were not disclosed.
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The operations are making moves to help protect the business as an ongoing concern.
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Classic car specialist Hagerty builds out its portfolio with the addition of the circa $16mn Kemper book.
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Third Point Re and White Mountains have also given financial support to the start-up.
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Auto premiums were up by just 0.7 percent in May, versus 1.4 percent in April.
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Progressive May cats points to noisy Q2
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“It won’t be long” before insurance partnership with Markel is launched, Musk said.
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US bank will pay customers $385mn to settle case.
