All the headlines from our Property Casualty Topic Page, ordered by recency.
Jul 14 2022 // United Insurance Holdings Corp., parent company of one of Florida’s largest property insurers – and one that has seen heavy losses in the last two years – announced that its board of directors is now exploring a...
Jul 4 2022 // In order to continue the discussion regarding what constitutes a Super Regional P/C Insurer™ and to give definition to this important group of insurers, Demotech Inc. analyzed year-end 2021 data for property/casualty...
Jun 30 2022 // For the first time since 2017, the calendar-year combined ratio for the property/casualty industry will eclipse 100 in 2022 due to inflation, said S&P Global Market Intelligence.“We expect that growth rates in...
Jun 20 2022 // A mid-year update on the commercial property/casualty market from USI Insurance Services is the latest to report rate stabilization in most lines of business — except for cyber.The cyber insurance market...
Jun 20 2022 // In 2021, insurer and financial services company Nationwide reported the strongest earnings in the Fortune 100 company’s history — $2.8 billion in operating income with sales of over $50 billion, another record...
Jun 16 2022 // Wright National Flood Insurance Co. has announced it will take over United Property & Casualty’s flood insurance book of business, starting in the third quarter of this year.The move, still subject to review by...
Jun 6 2022 // A mid-year update on the commercial property/casualty market from USI Insurance Services is the latest to report rate stabilization in most lines of business – except for cyber.The cyber insurance market “continued...
Jun 6 2022 // Full-year net income for U.S. property/casualty insurers increased slightly to $61.9 billion from $60.3 billion in 2020, but the industry turned in a $3.8 billion underwriting loss in 2021.The P/C industry posted a $5.2...
May 31 2022 // AM Best reported Friday that first-quarter net underwriting income for the U.S. property/casualty industry rose 4.6% to $3.3 billion.Explaining the result, AM Best said that a 10.5 percent jump in net earned premiums and a...
May 26 2022 // Full-year net income for U.S. property/casualty insurers increased slightly to $61.9 billion from $60.3 billion in 2020, but the industry turned in a $3.8 billion underwriting loss in 2021.The P/C industry posted a $5.2...
May 25 2022 // China’s ruling Communist Party has expelled a former chief accountant of state-controlled PICC Property and Casualty Co. from the party, accusing him of illegal activities and taking bribes, the anti-graft watchdog...
May 18 2022 // DOXA Insurance Holdings Names Joe Guerrero as PresidentDOXA Insurance Holdings named Joe Guerrero as its president. Guerrero has more than 30 years of experience in the insurance industry specific to MGAs, MGUs, and...
May 2 2022 // Workers’ compensation continues to be the shining star in the property/casualty insurance market. Despite a 9% decline in direct premiums written to $44.3 billion, and a combined ratio in 2020 (91.1%) that was just a...
Apr 29 2022 // Amid growing concerns about the health of Florida’s property insurers, the state’s largest carrier posted a somewhat mixed bag of financial results for the first quarter of 2022. But the company said it has...
Apr 26 2022 // Chubb said first quarter 2022 net income fell to $1.97 billion compared with $2.3 billion during the same time a year ago but property/casualty underwriting income during the period shot up 106% to a record $1.3...
Apr 6 2022 // Lockton promoted Ted Brown to president of property/casualty for the Mountain West region.Brown will focus on client experience and growing Mountain West’s P/C business. He joined Lockton in 2007.Lockton is an...
Apr 5 2022 // Alliant Insurance Services promoted Peter Arkley to president of its retail property/casualty operations.Arkley will lead Alliant’s retail P/C operation to leverage the strength of its Specialty. Arkley joined...
Apr 4 2022 // Thai Finance Minister Arkhom Termpittayapaisith has revoked the insurance licenses of two companies — Southeast Insurance Pcl and Thai Insurance Pcl — controlled by billionaire Charoen Sirivadhanabhakdi.The...
Apr 4 2022 // The Russian invasion of Ukraine may result in cyberattacks causing widespread and severe losses in Ukraine and beyond.Even before the current invasion, some Russian cyberattacks aimed at Ukraine spread to other nations....
Mar 25 2022 // The Russian invasion of Ukraine may result in cyberattacks causing widespread and severe losses, in those nations and beyond.Even before the current invasion, some Russian cyberattacks aimed at Ukraine spread to other...