All the headlines from our Property Casualty Topic Page, ordered by recency.
Apr 17 2019 // ProAssurance Corporation has revised its management structure for its newly formed Specialty P&C operating division.As previously announced, Michael L. Boguski will assume the presidency of Specialty P&C on May 13,...
Apr 15 2019 // With an increasing number of forest fires scorching portions of Washington each year, the Legislature is considering a proposal to create a fund dedicated to preventing and battling wildfires.In March, Commissioner of...
Apr 15 2019 // Liberty Mutual Insurance said it has agreed to acquire the global surety and credit reinsurance operations of property/casualty insurer AmTrust Financial Services. Terms of the deal were not disclosed.Upon closing, Liberty...
Apr 15 2019 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2018, nearly $670 billion of DPW was reported, a record high for the industry. For 2018, total DPW...
Apr 15 2019 // American International Group has named Carla Ferrara as head of communications for AIG’s Investments organization. Ferrara will be based in New York and report to Elaine Rocha, chief operating officer of AIG...
Apr 15 2019 // A broker for The Buckner Co. in Salt Lake City, Utah, has been in the business for five years, yet he has become convinced this property/casualty agency is for him. Tanner Eldredge became interested in insurance as a...
Apr 9 2019 // Lobbyists for the property/casualty insurance industry are trying to prevent a $125 million jump in the state of Washington’s insurance premium tax that would fund wildfire prevention and suppression.The tax would...
Apr 1 2019 // Sompo International Holdings Ltd. (SI), a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that Christopher Gallagher has been promoted to the newly created role of chief...
Apr 1 2019 // SCOR Global Life SE and SCOR Global P&C SE merged into SCOR SE on March 31, 2019.This reorganization, which was announced by SCOR in September 2016 as part of its three-year strategic plan “Vision in...
Apr 1 2019 // Mainly due to above-average catastrophe losses, the aggregate financial performance of U.S. publicly traded property/casualty insurers deteriorated slightly in 2018, according to a new A.M. Best special report.The...
Apr 1 2019 // Ironshore Specialty Casualty has appointed Casey Hartley as senior vice president and head of programs. She will oversee the development, marketing and distribution of programs lines, working with programs administrators...
Mar 28 2019 // Florida-based Seeman Holtz Property & Casualty LLC announced the asset acquisition of Prey Insurance Services LLC, headquartered in Shawano, Wisconsin.Led by Mike Prey and his team, Prey Insurance Services has been...
Mar 21 2019 // California-based EPIC Insurance Brokers and Consultants has hired JoBeth Wells in Dallas as a principal in its property/casualty operations. EPIC also added Stephanie Pitzer in the Dallas property/casualty group as client...
Mar 21 2019 // SCOR Global P&C announced the following reinsurance appointments, effective April 1, 2019: Michel Blanc has been promoted to CEO of Reinsurance, following Jean-Paul Conoscente’s appointment as CEO of SCOR Global...
Mar 19 2019 // A new study shows that Illinois insurance companies, agents and brokers continue to fuel the economy with quality jobs, revenue and investments, the study’s sponsors say.The recently released study was conducted by...
Mar 18 2019 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2017, over $636 billion of DPW was reported, a record high for the industry. For 2017, total DPW...
Mar 18 2019 // Years ago, insurance consumer advocates in the states were most often focused on getting consumers access to insurance at fair prices. They still advocate on those issues, of course, but today some are looking beyond these...
Mar 13 2019 // PartnerRe announced the company will reorganize its Property & Casualty (P&C) business segment into a regional structure while making several changes to its executive leadership team.Effective April 1, 2019,...
Mar 12 2019 // After reviewing the year-end financial statements of the Florida-based carriers it rates, Ohio-based ratings agency Demotech is warning that many insurers could see underwriting and operating losses in their year-end...
Mar 6 2019 // Credit rating downgrades in the U.S. property/casualty (P/C) insurance segment more than doubled year over year in 2018, reversing a trend of annual declines since 2014, according to a new A.M. Best report.The report says...