All the headlines from our Property Casualty Topic Page, ordered by recency.
May 4 2020 // Standard & Poor’s said it does not expect state legislators to succeed in their efforts to retroactively expand business interruption insurance coverage for COVID-19-related losses.The reason: An expectations of...
Apr 30 2020 // Lockton Re, the global reinsurance business of the world’s largest privately held independent insurance broker, announced two new appointments in its London office. Phillip Mallon will be joining the North American...
Apr 24 2020 // XPT Partners LLC has acquired Texas-based LP Risk Inc., a full service managing general agency (MGA) and surplus lines broker with a wide range of commercial property/casualty coverages distributed to retail agents through...
Apr 24 2020 // Patriot Growth Insurance Services, LLC has added Florida Southern Insurance, LLC (FSI) to the its platform. The partnership with FSI will enhance Patriot’s existing property and casualty insurance capabilities and...
Apr 23 2020 // During the April reinsurance renewals, SCOR Global P&C said it grew gross premiums by 5.7% to €504 million, while benefiting from broadly improving market conditions as shown by a 6.6% overall increase in...
Apr 22 2020 // Chubb said that the coronavirus pandemic’s effects on its bottom line were relatively benign in the 2020 first quarter. But all bets are off for the months ahead.The global property/casualty insurer reported net...
Apr 21 2020 // AXA XL announced a new leadership team and proposed changes to the operating model of its Insurance business following a strategic review.Key proposed changes to the operating model include the creation of a single global...
Apr 20 2020 // Compared to others, the property/casualty insurance industry is weathering the coronavirus crisis rather well.Property/casualty insurance is the least-impacted industry by the coronavirus pandemic, at least so far,...
Apr 20 2020 // I’m shocked, just shocked that you’re suggesting that during a crisis that insurance companies might in fact be considered the villains. I’ve never heard that before.”That’s Richard Levick...
Apr 16 2020 // Auto insurers have seen something new with the coronavirus pandemic: an historic reduction in driving due to millions of customers staying home and sheltering in place. That change led to carriers issuing between $8...
Apr 16 2020 // Soon after the attacks on the World Trade Center and other locations on the morning of September 11th, President Bush declared that the atrocities were “an act of war.” That statement prompted a call to me from...
Apr 15 2020 // The North Carolina Department of Insurance says it is working with insurers to allow them to offer financial relief to policyholders without filing for department approval or risking violating state law during the current...
Apr 13 2020 // Compared to others, the property/casualty insurance industry is weathering the coronavirus crisis rather well.The property/casualty insurance is the least-impacted industry by the coronavirus pandemic, at least so far,...
Apr 13 2020 // The New Jersey Department of Banking and Insurance has directed insurers to provide financial relief to residents and businesses, as they continue to suffer financial hardship due to the COVID-19 pandemic.The guidance...
Apr 13 2020 // “I’m shocked, just shocked that you’re suggesting that during a crisis that insurance companies might in fact be considered the villains. I’ve never heard that before.”That’s Richard...
Apr 8 2020 // Barbara Snowden dreamed of opening a wig shop to help women who’d lost their hair during chemotherapy feel better as they battled cancer. In November, she beamed at the grand opening of Hair Goals Club in the Houston...
Apr 6 2020 // Although event cancellation insurance represents a very small percentage of overall property/casualty premium, the losses for carriers that write this line of business amid the COVID-19 outbreak still could be significant,...
Apr 6 2020 // North American property/casualty insurers reported improved 2019 operating performance, but near-term performance will likely be more challenging with the onset of coronavirus and the resulting economic impact, according...
Apr 3 2020 // The long-awaited Demotech rating decisions for Florida domestic carriers are in, with many carriers having satisfied necessary steps to avoid ratings downgrades by the financial analysis firm.After affirming a slew of...
Apr 2 2020 // Horace Mann Educators Corp. has appointed Senior Vice President and Chief Corporate Actuary Mark Desrochers as head of the company’s property/casualty insurance business on an acting basis.Desrochers will take over...