All the headlines from our Property Casualty Topic Page, ordered by recency.
Nov 15 2018 // A.M. Best has placed under review with positive implications the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “bbb+” of Savers Property and Casualty...
Nov 14 2018 // San Diego, Calif.-based Wells Media Group Inc. has named Ashley Berg sales and marketing coordinator. Berg will be responsible for a variety of sales, marketing and customer service activities that drive and support sales...
Nov 13 2018 // Resource Alliance, a human resources and employee benefits firm serving Georgia’s multifamily residential industry, has merged its operations with Higginbotham, an insurance and financial services firm serving...
Nov 9 2018 // The Standard Club Asia Ltd., managed by Charles Taylor Mutual Management (Asia) Pte Ltd., entered into a cooperation agreement with Ping An Property & Casualty Insurance Co. of China Ltd.Under the terms of the...
Nov 8 2018 // Zurich Insurance posted a 2 percent rise in nine-month property and casualty premiums and confirmed its financial targets on Thursday despite a hit from larger-than-expected natural catastrophe losses.“We are pleased...
Nov 5 2018 // Kemper Corp. reported net income of $92.2 million for the third quarter of 2018, compared to $47.7 million for the third quarter of 2017. As adjusted for the acquisition in the quarter of nonstandard auto insurer Infinity,...
Nov 5 2018 // Alliant Insurance Services, a nationwide specialty insurance brokerage firm, has made three additions to its Construction Services Group headquartered in Alpharetta, Ga.Danielle Maxey has joined as account executive. In...
Nov 5 2018 // Property/casualty insurers’ operating environment today is very different than just a few short years ago.Lines that were stable are now volatile and those that have struggled are looking profitable, reinsurance...
Nov 5 2018 // San Francisco, Calif.-based Woodruff Sawyer has named Luke Parsons as a vice president in the private equity and transactional risk group.Woodruff Sawyer has also named Evan Hessel vice president and casualty practice...
Nov 2 2018 // The Insurance Council of Texas (ICT) Education Foundation recently honored 20 students studying insurance and risk management at universities in Texas with $31,000 in scholarships.Funds for ICT’s scholarship program...
Nov 2 2018 // “We do see it coming. We expect that in 2019 we’re going to be in an underwriting profit position, not a great one, but a profit. And we’ll move from there to a great one.”So said Brian Duperreault,...
Oct 30 2018 // The current pricing environment for property/casualty insurers is “modestly positive,” with commercial and personal auto rates rising by mid-to-high single digits, homeowners and commercial property rates...
Oct 30 2018 // Untimely claims handling and failure to provide required compliant claims, underwriting, and policyholder service disclosures are the U.S. insurance industry’s top compliance shortcomings. That’s according to a...
Oct 29 2018 // Property/casualty insurers’ operating environment today is very different than just a few short years ago.Lines that were stable are now volatile and those that have struggled are looking profitable, reinsurance...
Oct 24 2018 // Chubb reported solid profit, increases in net premiums written and a healthy property/casualty combined ratio in its 2018 third quarter.The insurer booked $1.2 billion in net income during Q3 versus a $70 million net loss...
Oct 18 2018 // Boca Raton, Florida-based Seeman Holtz Property & Casualty Inc. has acquired Redel Insurance Agency Inc., headquartered in Ballwin, Missouri.Redel Insurance Agency has been operating in Missouri for three-quarters of a...
Oct 18 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...
Oct 16 2018 // U.S. property/casualty insurers saw their net income after taxes more than double to $34 billion in first-half 2018 from $15.5 billion in first-half 2017, with the help of lower catastrophe losses, growing premiums, and an...
Oct 16 2018 // Seeman Holtz Property & Casualty, Inc. has acquired Allstar Assurance, headquartered in Weston, Fla.Allstar Assurance has been serving south Florida for over 14 years offering multi-line property and casualty insurance...
Oct 16 2018 // Florida’s insurance regulator has issued an emergency order that ensures “additional protections” to Florida policyholders – including freezing any rate hikes for 90 days – to support recovery efforts...