The Hartford
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Kemper today become the latest carrier to announce a partial refund for customers.
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Existential threats mount from Covid-19, as investment gains push Lloyd's back into the black.
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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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