Personal auto
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Light cat losses, reserve development, and pricing trends are key topics in Q1.
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Workers’ comp releases continue to mask deteriorating reserves in 2023.
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This compared to a 20.6% YoY increase for February and January.
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He will manage the region’s sales and service teams.
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The company has retained Tony Ursano’s IAP for the raise.
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Mutuals struggle to react and adapt to a worsening loss environment.
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The downgrade reflects the company’s balance sheet strength, which AM Best assessed as weak.
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Headwinds weigh on carrier results, but premiums and surplus remain mostly stable.
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The homeowners' CoR fell over 32 points sequentially to 75.8%.
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It follows Las Vegas intermediary Insurvia, which launched an auction last year.
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Premium inflation holds, as loss-cost inflation trends continue to moderate.
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A January freeze saw temps drop to close to -50°F.