All the headlines from our Property Casualty Topic Page, ordered by recency.
Jan 31 2019 // It may be obvious to those in the industry that the more satisfied independent insurance agents are with an insurance carrier, the more business they will conduct with that carrier. But the message may not be getting...
Jan 30 2019 // Ping An Property and Casualty Insurance Co. of China has launched a credit-based smart auto claim solution in China, to make it easier for car owners to make claims and encourage good driving habits.The credit-based system...
Jan 29 2019 // Mergers and acquisitions of insurance agents and brokers last year broke several records in 2018, with private equity/hybrid buyers accounting for 68 percent of the total.According to consultants at OPTIS Partners’...
Jan 29 2019 // Prime Property & Casualty Insurance Inc. (PPCI) has entered the Kentucky commercial auto market as an admitted carrier specializing in insurance products for distressed and substandard risks. PPCI offers the capacity...
Jan 18 2019 // Private U.S. property/casualty insurers reported a $4.7 billion net underwriting gain in nine-months 2018, a sharp turnaround from a $21.0 billion net underwriting loss a year earlier.The results were helped by a rare...
Jan 17 2019 // EPIC Insurance Brokers and Consultants has added Brandon Rich in its property/casualty practice in Houston as a client advocate, reporting to EPIC’s Southwest Region Managing Principal and Director KJ Wagner.Rich...
Jan 10 2019 // On the heels of celebrating its 10-year anniversary, Jacksonville, Fla.-based Brightway Insurance, a national property/casualty insurance retailer selling through a network of franchised independent agencies, has unveiled...
Jan 9 2019 // AmTrust Financial Services announced leadership changes as it moves forward now as a private company.Its $2.95 billion privatization plan was finalized on November 28, 2018 after receipt of all approvals, according to the...
Jan 8 2019 // Seeman Holtz Property & Casualty LLC has acquired Professional Medical Insurance Services (PMIS), headquartered in Houston, with seven other offices across the country.This PMIS medical and malpractice group will...
Jan 7 2019 // I wrote about this some months ago and received many interesting comments. I decided to follow up on the same subject because it is so important.Value is a relative term often specific to a given asset. For example, if the...
Dec 27 2018 // Members of the Property Casualty Insurers Association of America and the American Insurance Association have approved a merger that takes effect Jan. 1, 2019.The combined organization is set to have a new name, the...
Dec 20 2018 // Fitch Ratings said it expects the November wildfires in California to have some but not great impact on property/casualty insurers’ year-end results and it anticipates limited or no rating actions due to the fires....
Dec 17 2018 // U.S. property/casualty insurers’ investment position in other alternative investments as reported is concentrated within a few large insurers and is relatively stable as a percentage of invested assets for the last...
Dec 17 2018 // XL Catlin has added Kimberly Hans to its Broker & Client Management team as Southeast Regional Leader.Hans is based in Atlanta and reports to Robert Peretti, XL Catlin’s Head of Broker & Client Management in...
Dec 17 2018 // The U.S. property/casualty insurance industry’s net underwriting income has so far swung from a massive loss in 2017 to substantial profit, according to an A.M. Best report.Carriers booked $3.5 billion in net...
Dec 17 2018 // The Demotech Company Classification System categorizes insurers into one of 11 categories created by Demotech based on the analysis of data reported by companies to the National Association of Insurance Commissioners...
Dec 17 2018 // Reliance Partners, which specializes in commercial insurance, added Brandon Richards as chief sales officer and opened a new office in Austin, Texas.Richards is a veteran insurance professional with more than 17 years in...
Dec 14 2018 // The Connecticut Insurance Department is one of nine state insurance regulators participating in a pilot program to test a web-based platform that uses machine learning.The pilot states are partnering with RiskGenius, a...
Dec 11 2018 // Willis Towers Watson has appointed Tom Rowley as senior vice president, North American Property, and named Matt Harvey as senior vice president, International Property. Both will sit within the Property & Casualty...
Dec 3 2018 // The U.S. property/casualty insurance industry’s net underwriting income has so far swung from a massive loss in 2017 to substantial profit, according to an A.M. Best report.Carriers booked $3.5 billion in net...