The Hartford
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The restaurateur argues that insurance should pay for contamination and BI losses. -
Thomas Boudreau led inland marine and construction business at the carrier.
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Linda Carmona and Curt Browder are understood to have left the insurer.
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Cumulative ceded incurred losses under the ADC with Nico are now $640mn
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The carrier has also lowered the upper limit of the policy by $100mn to $900mn.
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The decision follows a similar move by Liberty Mutual earlier this month to curtail business and investment involving those fossil fuels.
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The executive will work in London to complete the integration of Navigators.
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The period marked the first full quarter reflecting the integration of Navigators into the company.
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The estimate follows modellers’ projections that market-wide losses will fall between $1.5bn and $7bn.
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The current litigation environment is worse than Travelers expected, the executive said at a conference.
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Earlier this year executives said they expected the deal to add to The Hartford’s earnings by about $110mn-$145mn.
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The carrier's core earnings rose by 17.7 percent year over year to $1.33 per share in Q2 2019.
