Selective
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Normalized growth and peak multiples confirm we are headed towards a Darwinian race. -
Selective’s CEO earlier attributed Q3 adverse development to the NJ market.
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By line of business, $35mn of the charge relates to commercial auto and $5mn to personal auto.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The regional insurer has increased its weighting to OLO and commercial auto, versus comp.
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Loss trend concerns persist, but insurers are vouching on the opportunity to push for more rate increases.
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The carrier has been steadily increasing loss trend estimates.
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The Insurance Insider US news team runs you through the earnings results for the day.
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During first quarter earnings calls, insurers argued that they can mitigate volatility.
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CEO Marchioni said the overall hit would likely be “in the low single digits”.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Regionals and smaller carriers need to exercise vigilance when expanding commercial casualty lines.
