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A Michigan legislator has introduced a bill requiring auto insurers to reduce premiums by at least 10% on all new and renewed policies — a move the American Property Casualty Insurance Association (APCIA) warns could destabilize the state's insurance market.
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India’s deadliest plane crash in over a decade is poised to send shockwaves through the aviation insurance sector, potentially resulting in one of the nation’s most expensive claims, estimated at approximately $475 million.
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Erie Insurance is now facing not one, but two class action lawsuits while it continues to probe the recent cybersecurity breach.
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