Latest Property Casualty Headlines

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

People

Oct 1 2018 // Farm Bureau Insurance of Michigan appointed Matt Taylor as vice president of Marketing.Taylor joined Farm Bureau Insurance in 2009 as an agent. He later joined marketing management as a managing partner in the Southeast...

Most of the Time, Nothing Goes Wrong and This Is a Big Problem

Oct 1 2018 // In Ernest Hemingway’s “The Sun Also Rises,” a character, Mike, was asked how he went bankrupt. “Two ways,” Mike said, “Gradually and then suddenly.”Every agency owner with whom...

UPC Insurance, Tokio Marine Kiln Form New Florida-Based Property Insurer ‘Journey’

Sep 27 2018 // United Insurance Holdings Corp. (UPC Insurance), a property and casualty insurance holding company, has formed Journey Insurance Co. in partnership with Tokio Marine Kiln.The new property and casualty insurer will...

Why Small Mutual P/C Insurers, Insurtechs May Need Each Other: A.M. Best

Sep 19 2018 // Technology-oriented insurance startups and established small mutual property/casualty insurers may find they are better off partnering than competing.Mutual property/casualty insurance companies continue to face heightened...

Hanover Insurance May Follow Chaucer Sale with Talent Hiring, Acquisition

Sep 17 2018 // The Hanover Insurance Group could use some of the $950 million it will make from selling its Chaucer international specialty business to fuel organic growth, pursue select acquisitions and hire top talent from rivals,...

More Super Regional P/C Carriers Ready to Dive Into Specialty Lines

Sep 17 2018 // There’s Opportunity in Unusual and Emerging Risks, Sullivan Tells CarriersThe current economic and business wave presents property/casualty insurance carriers with opportunities to expand or differentiate themselves...

How U.S. P/C Commercial Insurers Will Fare Through 2019: Moody’s Investors Service

Sep 17 2018 // The outlook for the U.S. property/casualty commercial insurance sector for the next 12 to 18 months remains stable given healthy core earnings and sound balance sheets in the view of analysts at Moody’s Investors...

People

Sep 17 2018 // AmWINS Brokerage of Georgia has added Alex Furlong, an energy and environmental specialist, to its casualty team. He will be based in Atlanta.Prior to joining AmWINS, Furlong spent several years as a casualty producer at...

People

Sep 17 2018 // Sam Siddons and Craig Morelos have joined the property/casualty practice at EPIC Insurance Brokers and Consultants as principals.Siddons will be responsible for new business development, the design, placement and...

People

Sep 17 2018 // Brian L. Risen, senior vice president, Mackinaw Underwriters, a member of the AmeriTrust Group Inc., has been promoted to president of the Meadowbrook Insurance Agency in Southfield, Michigan.Risen has over 23 years of...

How U.S. P/C Commercial Insurers Will Fare Through 2019: Moody’s

Sep 10 2018 // The outlook for the U.S. property/casualty commercial insurance sector for the next 12 to 18 months remains stable given healthy core earnings and sound balance sheets in the view of analysts at Moody’s Investors...

Florida-Based Heritage Taps Soleimani as Director of Investor Relations

Sep 10 2018 // Heritage Insurance Holdings, Inc., a Florida-based property and casualty insurance holding company, has added Arash Soleimani to its management team as an executive vice president and director of Investor...

New York Approves AXA Acquisition of XL Group

Sep 3 2018 // France’s AXA Group moved a step closer to closing on its acquisition of XL Group as Nw York insurance regulators have given their approval of the deal.New York’s Department of Financial Services (DFS) on Friday...

15 Emerging Risks Worth Watching That Are Not Cyber

Sep 3 2018 // When insurance experts are asked what they see as the most important emerging risk for the property/casualty insurance industry, their consensus is cyber in some form.While cyber obviously poses tremendous risks, some...

Insurer Downgrades Jumped in 2018 But Were Still Outnumbered by Upgrades: A.M. Best

Sep 3 2018 // Catastrophic weather events in 2017 helped spur an increase in rating downgrades for the U.S. property/casualty (P/C) industry during the first half of 2018, according to an A.M. Best report.But the report also notes that...

Seeman Holtz Acquires Indiana Agency, Ritman & Associates

Aug 30 2018 // Seeman Holtz Property & Casualty Inc. has acquired Noblesville, Indiana-based Ritman & Associates Inc., which specializes in professional liability insurance. Jennifer Ritman has built a boutique insurance agency...

Insurers Looking to Continue Hiring in Very Competitive Labor Market

Aug 29 2018 // Insurance companies are hoping to hire additional employees over the rest of 2018 in a labor market that remains extremely competitive, according to a study from The Jacobson Group and Aon’s Ward Group. About 63...

Maday Joins J.M. Wilson as Assistant Property/Casualty Underwriter

Aug 29 2018 // Managing general agency and surplus lines broker J.M. Wilson has added Mark Maday as assistant property/casualty underwriter in the company’s Arlington Heights, Illinois, office. Maday is responsible for underwriting...

P/C Insurance Industry Delivered Improved Results in First Half

Aug 29 2018 // Mid-year results for U.S. property/casualty insurers and reinsurers show they are on the mend following a trying 2017, according to Fitch Ratings.Operating performance moderately improved for P/C (re)insurers during the...

EPIC Insurance Brokers Adds Morelos, Siddons as Principals in Southwest Region

Aug 22 2018 // Sam Siddons and Craig Morelos have joined the property/casualty practice at EPIC Insurance Brokers and Consultants as principals, reporting to EPIC Managing Principal and Southwest Region Director KJ Wagner.Siddons will be...