All the headlines from our Property Casualty Topic Page, ordered by recency.
Jul 3 2024 // For the second year in a row, the U.S. property/casualty industry booked an underwriting loss of more than $20 billion primarily due to the lackluster performance of personal auto and home insurance lines.The total U.S....
Jun 27 2024 // Even though direct loss ratios for commercial auto and other liability lines rose in first-quarter 2024, across all lines U.S. property/casualty insurers posted a net combined ratio of 94—the best since first-quarter...
Jun 20 2024 // This post is part of a series sponsored by Dyad. In the ever-evolving landscape of Property and Casualty (P&C) insurance, the distribution “middle”, comprised of intermediaries such as agents, brokers,...
Jun 19 2024 // This edition of International People Moves details appointments at Canopius and Swiss Re.A summary of these new hires follows here. Canopius Taps AXA XL’s Houghton as Product Leader, SpecialtyCanopius, the...
Jun 17 2024 // The U.S. property/casualty insurance segment’s net investment income hit a record $73.9 billion in 2023, bolstered by the higher interest rate environment, according to a new AM Best report.The Best’s Special...
Jun 14 2024 // The U.S. property/casualty market sustained an estimated $21.1 billion in underwriting losses in 2023, highlighting the challenges the industry faces as a result of natural catastrophes and inflation.According to joint...
Jun 12 2024 // The U.S. property/casualty industry recorded a $9.3 billion net underwriting gain in the first three months of 2024, according to a recently published AM Best report.The gain marks a reversal of an $8.5 billion loss...
Jun 5 2024 // Just under half of property/casualty insurers recently surveyed by WTW say they plan to incorporate artificial intelligence into their analytics (49%), but most have yet to bring “traditional” analytics into...
Jun 3 2024 // Overall commercial property/casualty premiums increased slightly for all account sizes to 7.7% on average in the first quarter 2024, according to The Council of Insurance Agents and Brokers’ Q1 Market Survey.With the...
May 31 2024 // The U.S. property/casualty insurance segment’s net investment income hit a record $73.9 billion in 2023, bolstered by the higher interest rate environment, according to a new AM Best report.The Best’s Special...
May 29 2024 // Insurtech hyperexponential has hired Risa Ryan as head of US P/C.Risa was most recently chief underwriting officer at Sompo International. She will be based in New York. She has over 25 years of industry experience, having...
May 20 2024 // Overall commercial property/casualty premiums increased slightly for all account sizes to 7.7% on average in the first quarter 2024.According to The Council of Insurance Agents and Brokers’ Q1 Market Survey, the 7.7%...
May 16 2024 // The U.S. property/casualty industry’s net combined ratio improved in 2023 to 101.7 from 102.5 the prior year, according to S&P Global Market Intelligence.The combined ratio for the industry’s personal...
May 16 2024 // Zurich Insurance Group AG said revenue from property and casualty insurance rose 12% in the first quarter on a like-for-like basis, helped by higher premiums.Gross written premiums in the business rose 9% from a year...
May 13 2024 // The Florida Office of Insurance Regulation in recent weeks has fined five property and casualty insurers, including Heritage Property & Casualty Insurance Co., which was hit with a $1 million penalty for failing to...
May 3 2024 // AXA, Europe’s second-largest insurer, reported a 6% increase in total revenue during the first quarter to €34 billion ($36.4 billion), compared with €31.8 billion ($34.1 billion) in Q1 2023.The increase in Q1...
Apr 16 2024 // This post is part of a series sponsored by AgentSync.As the property and casualty market struggles to find its equilibrium, carriers and reinsurers are retooling their approach to risk and the market. As a Floridian...
Apr 15 2024 // The U.S. property/casualty insurance industry recorded a slight underwriting improvement in 2023, but losses persisted, according to a new AM Best report.Preliminary data from the global credit rating agency shows that the...
Apr 9 2024 // Inflation is bringing rising loss costs for US commercial property/casualty insurers, according to Fitch Ratings, which reviewed reports from three US insurers — Cincinnati Financial Corp., HCC Insurance Holdings...
Apr 3 2024 // Emerald Bay Risk Solutions has launched as a property/casualty insurance fronting carrier, backed by Bain Capital Insurance and headed by a group of insurance veterans who have fronting experience.Calling itself a...