All the headlines from our Property Casualty Topic Page, ordered by recency.
Jan 25 2022 // This edition of International People Moves details appointments at Peak Re, Gallagher Re and the Cambridge Centre for Risk Studies.A summary of these new hires follows here. Peak Re Appoints Echo Re’s Nowakowski as...
Jan 25 2022 // Direct-premium production for the U.S. P/C industry through the third quarter 2021 improved as insurers increased rates, but adverse trends in loss costs for many lines of business continue to dampen profitability.Through...
Jan 24 2022 // A federal judge in Tampa has ordered a roofing contractor to revise its lawsuit complaint, which alleges racketeering law violations against United Property & Casualty Co., after the original complaint failed to meet...
Jan 24 2022 // In the war between restoration companies and insurers in Florida, contractors suing carriers in assignment-of-benefits claims is nothing new. And insurers have long argued that some construction firms are colluding with...
Jan 14 2022 // In the ongoing war between restoration companies and insurers in Florida, contractors suing carriers in assignment-of-benefits claims is nothing new. And insurers have long argued that some construction firms are colluding...
Dec 28 2021 // Although property/casualty insurance carrier executives and technical professionals remain bullish on the prospect that advanced analytics can enhance growth and bottom-line performance, implementation progress has been...
Dec 20 2021 // Chubb Bolsters Leadership in its North America Commercial P/C BusinessesChubb has changed the leadership in its North America commercial property and casualty businesses with two new appointments, strengthening its primary...
Dec 20 2021 // Property/casualty insurers head into 2022 facing “massive” political risks, an expert with the Insurance Information Institute said on Dec. 2. Economic uncertainty will also continue despite recovery...
Dec 20 2021 // It’s tough to make predictions, especially about the future.— Yogi Berra, Major League Baseball player and humorist Even before 2021’s final results were in the books, the forecasters were looking ahead...
Dec 10 2021 // The property/casualty insurance industry is falling behind financial services and utilities providers when it comes to the digital customer experience.Throughout 2021, just 40 percent of claimants interacted with an...
Dec 9 2021 // This edition of International People Moves details appointments at brokers Willis Towers Watson and Tysers.A summary of these new hires follows here. WTW Promotes Rourke to UK Head of P/C Pricing, Product, Claims and...
Dec 7 2021 // Property/casualty insurers head into 2022 facing “massive” political risks, an expert with the Insurance Information Institute said on Dec. 2. Economic uncertainty will also continue despite recovery...
Dec 6 2021 // AM Best has revised its 2022 market segment outlook for the U.S. property/casualty commercial lines insurance industry to stable from negative, despite some near-term challenges including inflation, an uneven economic...
Nov 29 2021 // European property/casualty insurers faced a dip in total average gross written premium and after-tax profit in 2020, but their regulatory solvency ratios remained strong. Pandemic factors generally played a role in both...
Nov 18 2021 // Definity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., raised about C$1.4 billion ($1.1 billion) in the largest Canadian initial public offering of the year.A total...
Nov 18 2021 // American International Group Inc. and other insurers avoided steep losses from a spate of extreme weather this year thanks in part to the reinsurance industry. But increased reliance on those policies probably means price...
Nov 10 2021 // U.S. property/casualty insurers saw their net income jump to $37.5 billion in the 2021 first half, up from $24.3 billion the year before, as the country continued to recover from COVID-19’s economic...
Nov 9 2021 // Definity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., is seeking to raise C$1.25 billion ($1 billion) in an initial public offering, following in the footsteps of...
Nov 1 2021 // Recent court decisions across the South continue to shape the risk management landscape, from workers’ compensation to property insurance issues.Workers’ comp In South Carolina, the state Supreme Court recently...
Oct 18 2021 // Agent digital experiences are moving to the forefront of property/casualty insurance carrier technology strategies, according to a recent survey report published by Celent.Just having a web portal isn’t going to cut...