'Notorious For Not Paying': The Bear Cave Targets Kinsale Capital's Claim Denial Tactics
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Shares of Kinsale Capital Group Inc (NYSE: KNSL) are under pressure following a short report from The Bear Cave, which claims the company lacks a durable moat and relies on overpriced insurance policies. The report highlights Kinsale's low 60% retention rate, significantly below the industry average, and alleges increased exclusions in policies leading to a reputation for denying claims. Complaints from customers regarding denied claims and unfair charges have also been noted. KNSL shares were trading at $303.89, down from earlier highs of $311, nearing a 52-week low.
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