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Underwriters fear that misleading statements about AI capabilities could result in claims. -
The track record of smart-follow vehicles is still young, but the segment is gaining traction.
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Sources said London should dodge the worst deterioration on US liability, but might not escape unscathed.
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Forecasters have warned that a number of meteorological factors could make this year the most active on record.
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Concerning hurricane forecasts are among the factors driving tighter reinsurer capacity.
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The average risk adjusted rate increase is hovering at about 2% for clean business.
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Combined ratios improved all around thanks to better pricing and a benign cat quarter.
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The acquisition brings international M&A opportunities and a pipeline of London wholesale business.
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Competition and broker pressure on rates is ramping up as London goes for growth.
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The funding practice has led to a dramatic increase in claims amount, which in turn pushes up rates.
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Property rates remain adequate, although price increases are tailing off.
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Israel exposure has thrown inwards-outwards PV coverage mismatches to the fore again.
