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Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends. -
The partnership is being formed via Liberty Mutual’s Ironshore subsidiary.
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The insurer intends to take on up to 81,040 policies this year.
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The outages began around 07:00 ET on Tuesday.
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Much was learned after the fires, but it could take years before that data influences models.
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The insurer’s system has now been out of commission for over two weeks.
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In North America, the median W&I claim payment in 2024 was $5.5mn, the highest on record.
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The research team presents the May cat heatmap.
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It didn’t have a major impact on insurers’ finances – instead, it served as a wake-up call.
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The regulatory body is also looking at AI rulemaking and catastrophe resiliency.
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Allstate attributed the bulk of its losses to three major wind and hail events.
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Tariffs could drive up property loss costs, but the impact on other items has been muted.
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