Latest Property Casualty Headlines

All the headlines from our Property Casualty Topic Page, ordered by recency.

What to Expect in Commercial Insurance Market Conditions Heading Into 2020

Nov 12 2019 // Ongoing rate increases and reductions in capacity are taking shape in most property/casualty commercial lines in the fourth—and for some, will continue into the new year, according to a recent report from broker USI...

North Carolina-Based Jackson Sumner & Associates Names McNeil P&C Manager

Nov 12 2019 // Jackson Sumner & Associates (JSA) has promoted Kristel McNeil to the position of P&C Manager.McNeil first began with JSA in 1998 in support staff, and in 2001 moved into underwriting for the company. In 2006 she...

‘Competition & Change’ in Commercial Auto, Workers’ Comp

Nov 4 2019 // Progressive has a competitive edge over long-term players in the commercial auto insurance market and national carriers outpace regionals on workers’ compensation profit measures, according to a new report from Guy...

AIG’s P/C Underwriting Results for Q3 Hit by Catastrophes But Not as Badly as Year Ago

Nov 1 2019 // Catastrophe losses prevented American International Group from having a third quarter in a row of property/casualty underwriting profit this year, following many years of losses.AIG said that its General Insurance unit...

Chubb Continued Performing at ‘High Level’ in Q3

Oct 30 2019 // Global insurer Chubb reported a banner 2019 third quarter, even though the company’s net income took a hit largely from losses relating to an accounting adjustment.Net income for the insurer reached $1 billion...

Seeman Holtz Acquires New Jersey’s Geisenheimer Agency

Oct 30 2019 // Seeman Holtz Property & Casualty has announced the acquisition of GIA Insurance Agency (Geisenheimer Insurance Agency), headquartered in Saddle Brook, N.J.Geisenheimer Insurance Agency is a provider of personal and...

Profit Lessons in Commercial Auto, Workers Comp and Other Business

Oct 25 2019 // Progressive has a competitive edge over long-term players in the commercial auto insurance market and national carriers outpace regionals on workers compensation profit measures, according to a new report from Guy...

Sompo International Adds Email Security Review Services to Cyber Policies

Oct 25 2019 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has partnered with SecurIT360, a full-service security consulting firm, and The Crypsis Group, a...

W. R. Berkley Corporation Appoints LeBlanc as President of Acadia Insurance

Oct 22 2019 // W. R. Berkley Corporation has appointed David J. LeBlanc as president of Acadia Insurance, a Berkley Company.He succeeds Douglas M. Nelson, who has been appointed chairman of Acadia Insurance. The appointments are...

Reinsurers Look at Cyber’s Massive Growth Possibilities-With Caution

Oct 22 2019 // Reinsurers are aware they must constantly invent new solutions in order to stay relevant for their clients. Yet, they admit they are sometimes challenged to close the protection gap for new and emerging risks such as...

Insuring Cannabis Summit Announces Agenda and Speakers

Oct 14 2019 // October 14, 2019 San Diego, CA – Today Insurance Journal has announced the agenda and speakers for the Insuring Cannabis Summit. This is a virtual, all-day event beginning at 9am Pacific on Thursday, October 17,...

Tate Joins EPIC’s Property/Casualty Unit in Dallas

Oct 9 2019 // EPIC Insurance Brokers and Consultants has added Dave Tate to its property/casualty operations in Dallas, as a principal, reporting to EPIC Managing Principal and Director of the Southwest Region KJ Wagner. Tate will be...

Cybersecurity Awareness Month: Time to Close the Cyber Coverage Gaps

Oct 8 2019 // As Cybersecurity Awareness Month is underway, it may be time for businesses – especially small- or mid-sized firms – to assess their understanding of current cyber risks and whether they’re adequately covered...

Surplus Lines Premium Grows in Response to Weak Results; Top 15 E&S Writers: Fitch

Oct 7 2019 // Direct written premiums in the U.S. excess and surplus (E&S) lines market during 2018 grew at its greatest rate since 2012, increasing 11% and representing the eighth consecutive year of premium growth, according to...

How the Future of Insurtech Innovation Is Tied to the Traditions of Regulation

Oct 3 2019 // It’s no secret: Innovators and regulators often clash. But both are needed to help enable a dynamic, consumer-friendly property/casualty industry in the future, insurance and insurtech experts said...

American Family Insurance Closes Acquisition of Wisconsin’s Ameriprise Auto & Home

Oct 1 2019 // American Family Insurance Mutual Holding Co. (American Family Insurance) has completed its purchase of Wisconsin-based property/casualty insurer, Ameriprise Auto & Home (AAH).American Family Insurance is based in...

Madden Joins Alliant’s Southeast P&C Team in Atlanta

Oct 1 2019 // Alliant Insurance Services has added Atlanta-based Allen Madden to its Southeast property and casualty team as vice president. Madden will provide integrated risk and insurance products to clients throughout the...

MS Amlin Exits 9 Non-Core Classes of Business, with a New Focus on 3 Core Markets

Oct 1 2019 // MS Amlin, the London-based re/insurer and subsidiary of MS&AD, announced a new underwriting strategy that focuses on three core, non-commodity markets, while exiting nine non-core markets, which no longer fit in its...

Strong E&S Premium Growth in Response to Weak Results; Top 15 E&S Writers: Fitch

Sep 30 2019 // Direct written premiums in the U.S. excess and surplus (E&S) lines market during 2018 grew at its greatest rate since 2012, increasing 11% and representing the eighth consecutive year of premium growth, according to...

AXA XL, Accenture Partner to Provide Cyber-Security Services to AXA XL Clients

Sep 26 2019 // AXA XL and Accenture are partnering to offer global cyber-security expertise to AXA XL’s underwriters, brokers and clients to strengthen their cyber capabilities and recover from cyber attacks.AXA XL — AXA’s...