All the headlines from our Property Casualty Topic Page, ordered by recency.
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...
Feb 27 2019 // Pinnacle Actuarial Resources Inc. (Pinnacle), based in Bloomington, Illinois, has promoted Aaron N. Hillebrandt to director and consulting actuary and Christopher C. Cortner to consulting actuary.Hillebrandt is based in...
Feb 27 2019 // Young agents want change. They want more diversity in the agency sales ranks. They want better paths to grow in their careers. They want other agents to adhere to professional standards and ethics. They want faster and...
Feb 27 2019 // The U.S. property/casualty industry is expected to report that 2018 was its third consecutive year with an underwriting loss. A new A.M. Best analysis projects an estimated net underwriting loss of $12.1 billion in 2018,...
Feb 27 2019 // The Hanover Insurance Group has expanded its specialty leadership team to enhance as part of a series of personnel changes the company has made to its specialty business over the last year.The Hanover announced it has...
Feb 26 2019 // Property/casualty insurance trade group, the Insurance Council of Texas, is seeing candidate nominations for its annual industry leadership award.Since 1998, has awarded its Raymond Mauk Leadership Award to an individual...
Feb 25 2019 // In the conglomerate’s annual report published on Saturday, Berkshire Hathaway’s Chair Warren Buffett recommended that readers focus on operating earnings, reviewing a year in which insurance operations...
Feb 20 2019 // Cincinnati, Ohio-based Great American Insurance Group has promoted Anthony (Tony) J. Mercurio and David L. Thompson Jr. to executive vice presidents of its property/casualty group.Mercurio will continue to serve as...
Feb 20 2019 // SCOR announced the appointment of Jean-Paul Conoscente, currently chief executive officer of reinsurance at SCOR Global P&C, as CEO of SCOR Global P&C.This appointment follows Victor Peignet’s decision to...
Feb 18 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...
Feb 18 2019 // The year of 2018 brought an all-time high of merger and acquisition (M&A) activity to the insurance industry.Consolidation of firms, both at a local level with M&A by independent agents and brokers, and...
Feb 11 2019 // Catastrophe claims and a disappointing investment performance drove commercial lines insurer CNA Financial Corp. to an $84 million loss in the fourth quarter of 2018.The quarter’s $84 million net loss compare to $223...
Feb 8 2019 // Zurich Insurance’s reported 2018 net income after tax of $3.72 billion, a 24 percent jump from $3.0 billion it reported in 2017 – primarily driven by growth in its life business and improved underwriting in its...
Feb 6 2019 // Island Insurance, a Honolulu, Hawaii-based property and casualty (P/C) insurance carrier, appointed Daniel Lee as vice president, Commercial Lines.Lee will oversee Island’s commercial insurance division, which...
Feb 6 2019 // In 2018 fourth quarter, global insurer Chubb saw a surge in catastrophe losses, along with growth in premium revenue, better global property/casualty pricing and record net investment income.The insurer booked $355 million...