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Top Stories / Ad / Most Recent
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Light cat losses, reserve development, and pricing trends are key topics in Q1.
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Tim Cerio also credited litigation reforms for the current market recovery.
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Compared to March, more sources shared accounts of rate declines and oversubscription.
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Commercial lines difficulties continue to weigh down industry results.
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Premiums rose an average of 7% across all lines, down from Q3.
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Some carriers may be pressing too hard on reserve releases from recent years.
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GL reserves continue adverse development trend for 2015-2019 accident years.
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A review of commercial lines loss picks for AIG vs the industry
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The CPI all-items index moderated to 3.1%, vs a 3.4% YoY rise for December.
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Commercial property was at 10.30%, down from 10.67% in December.
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Severe convective storms are the biggest overall driver of adverse results.
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The Aspen IPO provides an opportunity to benefit from the specialty market without commensurate prior-year reserve risks due to an LPT cover.
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