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Global insurance, editors' picks

Editors' picks for the week include an analysis of Progressive increasing its commercial auto rates during the first half of the year and an article on Suncorp Group finally selling its capital-intensive Australian life insurance business.

Majority of Bankers Life legacy LTC policy forms were first issued prior to 2003

More than half of Bankers Life & Casualty Co.'s individual long-term care policy forms entered the market for the first time before 2003, according to a review of regulatory filings.

Progressive, Nationwide, Liberty Mutual raise commercial auto rates in H1'18

Progressive Corp. units received the most-impactful commercial auto rate increases nationwide during the first half of 2018, according to an analysis by S&P Global Market Intelligence.

Aussie life insurance sale to reduce earnings volatility, boost EPS for Suncorp

Suncorp Group Ltd. has ended more than a year of internally considering a sale of its capital-intensive Australian life insurance business by agreeing to off-load the business to TAL Dai-ichi Life Australia Pty Ltd, a subsidiary of Japanese insurer Dai-ichi Life Holdings Inc.

Hannover Re US mortality woes should be 'largely solved' in 2018, CEO says

Hannover Re's problem with its loss-making legacy U.S. mortality business "should be largely solved within 2018," according to CEO Ulrich Wallin.

L&G CEO defends company culture following complaints about asset management arm

Legal & General Group PLC CEO Nigel Wilson said his company's culture is "positive" and "supportive" after several employees complained to the U.K. Financial Conduct Authority about alleged compliance and risk failures at its asset management unit.