All the headlines from our Property Casualty Topic Page, ordered by recency.
Feb 7 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...
Feb 3 2022 // Kemper Corp. said it is taking rating and other actions, including canceling some agents, as it seeks to recover from inflation-riddled fourth quarter financial results.Kemper Corp. reported a net loss of $105.8 million...
Feb 3 2022 // This edition of International People Moves details appointments at legacy acquisition specialist Catalina Holdings (Bermuda), Willis Towers Watson (WTW) and BMS Canada.A summary of these new hires follows here. Legacy...
Feb 2 2022 // AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Universal Fire & Casualty Insurance Company, headquartered in Waterford,...
Feb 2 2022 // Great American Insurance Group announced that David L. Thompson Jr. has been named president and chief operating officer of Great American’s Property & Casualty Group.Thompson will become the 18th president in...
Feb 2 2022 // Chubb reported fourth quarter 2021 net income of $2.1 billion, a decrease of 11.5% compared to the same period the prior year.Nevertheless, the insurer had what CEO Evan G. Greenberg called “one of the best years in...
Feb 1 2022 // Another Florida property insurer is taking major steps to cut its losses, including suspending the writing of new homeowner policies starting this week – the latest warning sign about the state’s distressed...
Jan 27 2022 // Generali has agreed to become the majority shareholder in both its property/casualty and life joint ventures in India.For the P/C business, Generali has agreed to acquire 25% of the shares of Future Generali India...
Jan 26 2022 // Weston companies are one.Company officials recently announced that Florida-based Weston Insurance Co. and Weston Specialty Insurance Co. have merged to form Weston Property & Casualty Insurance Co. The new firm has...
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...