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This is the first rate filing to use the recently approved Verisk model. -
July’s medical care increase was up from June’s o.6%.
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The model becomes the second in the state to get approval to affect ratemaking applications.
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This follows last month’s takeout of 12,000 Citizens policies.
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Roughly half a year since the LA fires, brokers said there’s hope things are turning around.
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A growing divide in business courts could impact future D&O underwriting, sources said.
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The company adjusts its rate options to expand California business under the new cat model.
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Insurers must write policies in high-risk areas in order to incorporate the model.
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Litigation seeks to block insurers from passing assessment costs to consumers.
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Succession, heavyweight M&A and expanding beyond its core will all test the broker.
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The Floridian has been approved to potentially assume 81,000 policies total.
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The broker has emerged as the emphatic winner of the supercycle, but new tests are coming.
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