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The firm's risk exchange platform was “highly dependent” on SME and specialty business, CEO Radke said. -
The other liability loss ratio continued to rise as workers’ comp and commercial auto reversed course.
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Besides Russia-Ukraine losses, the Air India crash losses totaled $26mn.
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Net adverse development for the quarter increased 30% year on year to $89.2mn.
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The insurer said it expects to begin writing business by the end of the month.
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The company plans to launch in New York and New Jersey next year.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Floir has greenlit at least 14 new companies for operation in Florida in the last few years, contributing to the competition.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Insurers did not see a slowdown in rate but some are still fine-tuning their portfolios following the LA fires.
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