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Selective’s CEO earlier attributed Q3 adverse development to the NJ market. -
Shared and layered accounts are seen as reaping the biggest benefits.
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Growth concerns were top of mind at this year’s conference.
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According to McKinsey, the projected spending on data centers is expected to hit $6.7tn by 2030.
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Whether in property or casualty, areas of the market will be profitable even with new entrants, the executive said.
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Following the Golden Age of Specialty, franchise quality will play a bigger role in determining success.
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The MGU is entering the often-difficult habitational GL space with an initial E&S offering.
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A survey from PwC described the sector as “stable”, “evolving” and “dynamic”.
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Insurers can offer features the beleaguered fund can’t, the MGA said.
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As the US recovers from a major flood event, the vast majority of Americans remain uninsured.
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The company also encouraged insurers and brokers to support the initiative.
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Rate gains are easing across many commercial and personal lines.
