In industry news:

The U.S. property/casualty industry is expected to report that 2018 was its third consecutive year with an underwriting loss. A new A.M. Best analysis projects an estimated net underwriting loss of $12.1 billion in 2018, which follows a $25.3 billion loss in 2017. The underwriting loss in 2017 was $18 billion more than the underwriting loss in 2016. Read more from Insurance Journal here.

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