All the headlines from our Property Casualty Topic Page, ordered by recency.
Jan 26 2018 // Despite the growth of both technology-based and direct-to-customer sales channels in the property/casualty (P/C) insurance industry, independent agents still control the lion’s share of P/C premiums and represent a...
Jan 25 2018 // Duane Sanders has joined Chicago-based Kemper Corp. as president of its Property & Casualty Division.Sanders will report to Kemper President and Chief Executive Officer Joseph P. Lacher Jr. and will be based in...
Jan 25 2018 // Federal tax reform was a big topic of discussion at the Insurance Information Institute’s 2018 P/C Joint Industry Forum, with panelist Jay Gelb of Barclays Capital stating the recently passed tax law is going to be...
Jan 24 2018 // AXIS Capital Holdings is reorganizing its operations in a bid to focus more on technology and innovation, with an eye on long-term profitable growth.Executives hope to put the new changes in place during the 2018 second...
Jan 23 2018 // EPIC Insurance Brokers and Consultants has added Philip Westphal to its commercial property/casualty team in Sacramento, Calif., as a risk advisor/broker in the healthcare practice. Westphal will report to Tom McCready,...
Jan 23 2018 // Liberty Mutual is getting out of the life insurance business, and the insurer will reorganize in order to better focus on its remaining P/C businesses.The Boston-based global insurer said it will sell its life insurance...
Jan 23 2018 // Regions Insurance, an affiliate of Regions Bank, has named Mike Breedlove executive vice president of Property & Casualty Operations. Breedlove will be responsible for leading the company’s property &...
Jan 22 2018 // The property/casualty insurance industry is not immune to any economic effects the federal government shutdown may bring but since the industry is largely regulated by the states, not Washington, the impact on the industry...
Jan 22 2018 // Ratings firm A.M. Best said it is maintaining its 2018 outlook for the U.S. property/casualty reinsurance sector at negative, citing the “pronounced pressure on U.S. property catastrophe rates as the alternative...
Jan 22 2018 // Anna Alexopoulos Farrar has joined the Florida Department of Financial Services (DFS) as Communications director, according to a statement by Chief Financial Officer Jimmy Patronis. In this capacity, she will oversee the...
Jan 19 2018 // The performance of the commercial automobile segment continued to deteriorate through third quarter 2017, according to a new A.M. Best report.Commercial auto has been a sore spot in the property/casualty for several years....
Jan 18 2018 // Mergers and acquisitions of insurance agencies last year broke all records in 2017, according to OPTIS Partners’ annual report. The OPTIS database recorded 604 deals in the United States and Canada in 2017, a 31...
Jan 17 2018 // Charlotte-based global wholesale broker AmWINS Group announced that Scott M. Purviance will succeed M. Steven DeCarlo as the company’s chief executive officer, effective May 1, 2018.DeCarlo, who has served as CEO of...
Jan 17 2018 // Alera Group, a national employee benefits, property and casualty, risk management and wealth management firm, has acquired FIRM Inc., an insurance agency located in Mahwah, N.J. Terms of the transaction were not...
Jan 12 2018 // J.M. Wilson has hired Taylor James as assistant property/casualty underwriter in its Westerville, Ohio, office.James is responsible for assisting underwriters on a wide variety of property and casualty risks, as well as...
Jan 12 2018 // Hub International Ltd. (Hub), the Chicago-based insurance brokerage, announced it has acquired a property and casualty insurance book of business from Montreal broker Daniel Picard.Terms of the acquisition were not...
Jan 10 2018 // Ratings firm A.M. Best said it is maintaining its 2018 outlook for the U.S. property/casualty reinsurance sector at negative, citing the “pronounced pressure on U.S. property catastrophe rates as the alternative...
Jan 8 2018 // S.S. Nesbitt & Co. Inc. (SSN), a Southeastern insurance agency and division of EBSCO Industries, Inc. (EBSCO), has appointed Mike Roman as vice president of its property and casualty sales. Roman is joining senior vice...
Jan 8 2018 // Oklahoma City-based independent insurance agency, INSURICA, has named Mark Bridges to lead its Texas operations as regional president.Bridges is currently the president of INSURICA DFB Insurance Services Inc. (formerly DFB...
Jan 8 2018 // Two additional property/casualty insurance carriers have been approved to conduct business in Arkansas.The Arkansas Insurance Department (AID) announced in December that Lemonade Insurance Co., has received a Certificate...