According to data released by the Bureau of Labor Statistics on Wednesday, the annual rate of inflation in the US stood at 4.9% in April, lower than consensus expectations of 5.0% and marking the slowest pace in two years. However, the persistent high prices of essential consumption categories such as food and shelter, which saw…
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Surplus lines insurers achieve impressive growth, improve operating profitability
NEW YORK: The surplus lines market nearly doubled its pace of premium growth in 2018, driven by new investments in operating platforms and a healthy U.S. economy, according to a new AM Best report. The Best’s Market Segment Report, “Surplus Lines Insurers Achieve Impressive Growth, Improve Operating Profitability,” notes that this specialty insurance segment grew…