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Insurance share prices were resilient amid today’s market meltdown. -
Korte had been serving as interim president of the unit since December.
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The costs of accident/casualty-related claims continue to rise.
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Universal submitted allegedly ineligible claims to the Florida fund.
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California, Texas and Florida rose 15.7% in February and 29.1% in January.
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The MGA will grow in specialty lines via talent recruitment and M&A coupled with technology enablement.
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Sources said Brown & Brown has an advantage as it entered the process several weeks ago.
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In February, the company announced it received regulatory approval for the deal.
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The company is on a five-year growth plan, aiming to hit $100mn in premiums by 2029.
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Joe Cala will leave the carrier after nearly 13 years on the product recall team.
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The bill being considered would effectively eliminate personal injury protection.
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A US buy would have to be easily integrated, the CEO stated.
