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Although reinsurance executives report that U.S. midyear renewal prices rose by at most low double-digits for catastrophe business, momentum is building for a new—and lasting—elevation of U.S. prices next year, they say.
Worcester, Mass.-based insurer The Hanover Insurance Group, Inc. says it has completed its acquisition of Chaucer Holdings PLC, a major specialist Lloyd’s insurance group.
Allstate’s plan to acquire online direct insurer Esurance could benefit Progressive in part because of an expected cutback in advertising, according to a financial analyst.
The top 25 U.S. reinsurers took down loss reserves related to prior accident years for the third consecutive calendar year in 2010, recording favorable development of nearly $1.7 billion, according to a NU analysis.
A National Association of Insurance Commissioners task force said it will support House legislation that would remove agent commissions from the medical loss ratio.
Pennsylvania has extended workers’ compensation coverage to allow officers of a limited liability company and partnerships to obtain the insurance.
Patriot National Insurance Group announces it has selected the WorkersCompExpert software platform from Paradox Technology Solutions to support its insurance, managing general underwriting, billing, and claims services operations.
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