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Through the first half of 2023, private workers' comp carriers had a 47% combined direct loss ratio.
Insurers across all lines wrote $960,802,932,489 in direct premiums in 2023, according to NAIC market share report.
Private carriers now account for slightly more than 32% of the overall flood insurance market.
U.S.-based companies accounted for 20 of the top 50 largest nonlife insurers worldwide.
Mercury Insurance offers advice to help road trippers stay safe on their summer journeys.
Businesses in Spain, Portugal and Ireland are allegedly being considered for divestment, although talks are still in early stages.
High-income individuals are planning to take 3.8 international vacations in the coming 12 months compared with 2.2 in 2019.
The conglomerate reported a $962M loss on insurance underwriting in the third quarter, its worst quarterly loss in a year.
The layoffs included Metromile's CFO and design, engineering and product team employees, including the senior executives.
Metromile shareholders received 7.3 million shares of Lemonade, valued at roughly $145 million, as part of the transaction.
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