All the headlines from our Property Casualty Topic Page, ordered by recency.
Dec 18 2017 // U.S. property/casualty insurers will rebound in 2018 from the late-2017 onslaught of hurricanes and wildfires, but it will take a while to return to “significant underwriting profits,” Fitch Ratings predicted...
Dec 13 2017 // Of the 14 property/casualty impairments identified for 2016, 11 were members of the Tower Group, with the remaining three composed of two medical professional liability risk retention groups and a commercial lines...
Dec 11 2017 // Commercial insurance prices in the U.S. were again nearly flat during the third quarter of 2017. Price changes reported by carriers averaged less than one percent for the ninth consecutive quarter, following a moderating...
Dec 11 2017 // U.S. property/casualty insurers will rebound in 2018 from the late-2017 onslaught of hurricanes and wildfires, but it will take a while to return to “significant underwriting profits,” Fitch Ratings predicted...
Dec 7 2017 // The National Association of Insurance Commissioners (NAIC) recognized three state regulators for their contributions to state-based insurance regulation during the the NAIC’s 2017 Fall National Meeting.The NAIC...
Dec 6 2017 // Coalition is making its formal debut into the cyber insurance space, but with a twist. The San Francisco-based startup is also a cybersecurity firm.Founded in March 2017, Coalition is co-founded by technology entrepreneurs...
Dec 1 2017 // EPIC Insurance Brokers and Consultants, the retail property/casualty insurance brokerage and employee benefits consulting subsidiary of EPIC Holdings, has added insurance brokerage industry veteran Sam Elliott in Austin,...
Nov 30 2017 // While U.S. asbestos-related incurred losses dropped in 2016, property/casualty insurers’ payments for asbestos claims grew 9 percent and hit $3.2 billion for the year, a new A.M. Best report concludes.The $3.2...
Nov 28 2017 // Heritage Insurance Holdings Inc., a Clearwater, Fla.-headquartered property/casualty insurance holding company, has secured regulatory approval from the Rhode Island Department of Business Regulation to acquire NBIC...
Nov 27 2017 // Giant insurer Chubb Limited has entered into a 10-year strategic cooperation agreement with PICC Property & Casualty Company of China that will provide PICC’s customers and other Chinese-affiliated companies...
Nov 20 2017 // Pen Underwriting has extended its strategic relationship with QBE into the Republic of Ireland, with a new property & casualty capacity partnership in the highly specialist area of hazardous goods & environmental...
Nov 20 2017 // Consulting Actuary Legaré W. Gresham has established Pinnacle Actuarial Resources Inc.’s presence the Carolinas with the opening of an office in Charleston, South Carolina, as the firm continues to grow both...
Nov 20 2017 // Deerfield, Illinois-based Alera Group, a national employee benefits, property/casualty, risk management and wealth management firm, has appointed Bill Doucette as vice president of Human Resources and Organization...
Nov 20 2017 // The Central Insurance Companies announced the election of Evan Purmort to its board of directors as well as his appointment to the executive committee of the Central Companies. Purmort resides in Boston, Mass.As regional...
Nov 14 2017 // Insurance Journal’s Academy of Insurance is offering micro-videos at no cost to insurance professionals through its new Building Blocks tool.The Building Blocks tool supplies professionally created micro-videos for...
Nov 14 2017 // Chubb announced it has formed a division in Asia Pacific dedicated to the risk management needs of small- and medium-sized enterprises (SMEs).This new business division, which is named the Small Commercial Division,...
Nov 13 2017 // Boca Raton, Florida-based Seeman Holtz Property & Casualty Inc. has acquired Check Out Insurance LLC, headquartered in Dallas. Check Out Insurance will be joining the Primera Capital team to bring a solid book of...
Nov 6 2017 // PPL, the London market’s electronic placing platform, announced that property/casualty risks now can be bound on the platform.The PPL platform first began trading in July 2016 with stand-alone terrorism risks. It now...
Nov 6 2017 // Willis Towers Watson announced the appointment of Evariste Yeung as head of Property and Casualty, North Asia.Yeung’s appointment took effect on Sept. 25, 2017. He is based in Shanghai and reports to Richard Collis,...
Nov 6 2017 // While the U.S. property/casualty insurance industry is well capitalized and market sentiment is mostly positive, it still faces economic and market-based headwinds that will challenge its profitable growth going forward.In...