All the headlines from our Property Casualty Topic Page, ordered by recency.
May 9 2018 // Property/casualty insurers in the U.S. have big plans to boost their use of advanced analytics and data in their businesses in multiple ways, but there are potential roadblocks, according to a new Willis Towers Watson...
May 7 2018 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2016, more than $607 billion of DPW was reported. For 2017, total DPW for all P/C insurers...
May 7 2018 // Kristi Koncaba, president and chief operating officer at Texan Bank, has been appointed to the board of directors for workers’ compensation insurer, Texas Mutual Insurance Co.Koncaba has 15 years of experience in...
May 6 2018 // Warren Buffett lost money but had a pretty good quarter.Berkshire Hathaway Inc. on Saturday reported an unusual quarterly net loss, the result of an accounting change that Buffett had warned would produce...
May 2 2018 // Swiss Re’s reinsurance business unit has a newly-approved license for property/casualty business in South Africa. The move completes Swiss Re’s pan to re-domicile its Southern African P/C business onto the...
Apr 27 2018 // EPIC Insurance Brokers & Consultants has added insurance industry veteran KJ Wagner as principal and director of Property & Casualty Insurance Operations for the firm’s Southwest Region.Based in Dallas,...
Apr 27 2018 // Atlanta, GA, April 27, 2018 — Breckenridge Insurance Services announced the promotion of Alex Rinehart to the director of property and casualty operations. As a senior vice president and broker—and former head of...
Apr 26 2018 // Seeman Holtz Property & Casualty Inc., based in Boca Raton, Florida, has acquired the marine and motorcycle insurance business of Elton Porter Insurance Agency in Houston, Texas. Members of the Elton Porter sales and...
Apr 25 2018 // Despite higher catastrophe losses, Chubb Limited reported a solid first quarter with net income of $1,082 million, about the same as the $1,093 million it achieved for the same quarter last year.Core operating income was...
Apr 25 2018 // The New York Department of Financial Services (DFS) has issued updated disaster response and recovery plan requirements for all insurance companies licensed to conduct business in New York state.It issued these updated...
Apr 23 2018 // Bermuda-based property/casualty insurer and reinsurer Sompo International Holdings Ltd. said it has received the regulatory approvals from the Ministry of Finance of Luxembourg to establish a new subsidiary, SI Insurance...
Apr 19 2018 // Jimcor Agency Inc., an independent managing general agent and insurance wholesaler, has hired Sarah Warner as a property and casualty underwriter for the Western Pennsylvania office located in Pittsburgh, Penn, and Stefan...
Apr 19 2018 // An insurance agency owner in Florida has been arrested after he admitted to stealing more than $60,000 in insurance premiums, according to a statement from the Florida Department of Financial Services (DFS).Michael...
Apr 18 2018 // Global reinsurer capital continued to rise in 2017, despite the US$136 billion in insured losses from natural catastrophes last year, according to a reinsurance market report published by Aon Benfield.Indeed, capital...
Apr 16 2018 // 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...
Apr 16 2018 // SIAA (Strategic Insurance Agency Alliance) has hired Gretchen Klemm as a contracts compliance manager at its Hampton, N.H., location.In this role, Klemm will manage day-to-day interactions with independent agency members...
Apr 12 2018 // Cal Inspection Bureau of Tarzana, California, and Legacy P&C of Camden, South Carolina, have formed a new firm offering premium audit services to insurers for commercial accounts nationwide. The joint firm has been...
Apr 11 2018 // Socius Insurance Services Inc., a management liability and property/casualty insurance wholesaler, has opened a branch in Dallas — its first in Texas.Assistant Vice President of Property and Casualty Chris Barnes will...
Apr 10 2018 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty re/insurance, announced it will establish a retail platform designed to integrate all the operations of Sompo Holdings Inc....
Apr 6 2018 // Seeman Holtz Property & Casualty Inc. has acquired the federal employee insurance business of Federal Employee Services LLC in Edmond, Oklahoma. Federal Employee Services provides coverages to both civil service and...