In industry news:

The American Insurance Association (AIA) and the Property Casualty Insurers Association of America (PCI) announced that its members have approved a merger. In a joint statement they said:

“We are pleased to announce the respective memberships of AIA and PCI have strongly approved a merger. Starting January 1, 2019, the American Property Casualty Insurance Association (APCI) will house the combined organizations and speak for nearly 60 percent of the U.S. property-casualty market.”

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