All the headlines from our Property Casualty Topic Page, ordered by recency.
Aug 7 2017 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2016, approximately $606 billion of DPW was reported, a record high for the industry. For 2016,...
Aug 3 2017 // AXA reported a stronger than expected rise in net profit for the first half of the year, helped by higher asset management and property and casualty earnings, and by lower restructuring costs.Europe’s second largest...
Aug 3 2017 // Florida Insurance Commissioner David Altmaier has appointed Michael Yaworsky as the new chief of staff for the Florida Office of Insurance Regulation (OIR), replacing former Chief of Staff Belinda Miller, who retired at...
Aug 1 2017 // CNA Financial Corp. saw its second quarter net income climb at a robust clip and catastrophe losses along with its combined ratio shrink. Chairman and CEO Dino Robusto said the results were better than the...
Jul 28 2017 // While the media, ethicists and perhaps the public like to ponder whether a self-driving car in a crisis should be programmed to hit a group of nuns crossing the street or hit a bus full of schoolkids, the drive toward...
Jul 27 2017 // Mergers and acquisitions (M&As) among North American insurance agencies continued at a strong pace during the second quarter of 2017, with 135 reported transactions in the second three months of 2017, Chicago-based...
Jul 26 2017 // Chubb Limited reported net income for the second quarter ended June 30 of $1,305 million compared with $726 million for the same quarter last year‚ a 79 percent increase. Operating income was $1,180 million compared with...
Jul 26 2017 // Markel Corp. will acquire Texas-based State National Companies Inc. for $919 million, a deal that the Virginia-based insurer and reinsurer said will help diversify its underwriting and revenue streams.Both companies’...
Jul 25 2017 // G.F.H. Insurance Agency Inc., a Richmond, Va.-headquartered insurance broker, has acquired Peyton, Cheely and Woodle Insurance of Richmond, Va., effective June 12, 2017. Terms of the acquisition were not disclosed.Peyton,...
Jul 24 2017 // Insurtech funding volume hovered close to $1 billion in the 2017 second quarter, a result nearly 150 percent larger than the same period a year ago, according to a quarterly report on the sector from Willis Towers Watson...
Jul 21 2017 // Insurance is a very simple business.“You take in some money, you spend some money and you lose some money, and God willing, you have some left at the end of the day,” according to Anthony (Tony) Markel, vice...
Jul 10 2017 // Kansas City-based insurance broker Lockton has named Jeff Henningsen as president of its Houston property/casualty insurance operation.Henningsen will take on an expanded leadership role in business development for the...
Jul 10 2017 // Property/casualty (P/C) insurance and group benefits industry is changing faster than ever. Many factors are the parents of such change. In part one of this two part series, I will focus on the more traditional aspects and...
Jul 10 2017 // The Main Street America Group has promoted Dan Gaynor to senior vice president and chief underwriting officer.Gaynor, who has been the super-regional property/casualty insurance company’s vice president of commercial...
Jul 10 2017 // Alan Jay Kaufman, chairman, president and CEO of Detroit/Farmington Hills, Michigan-based H.W. Kaufman Financial Group, has joined the School of Risk Management, Insurance and Actuarial Science board of overseers at the...
Jul 10 2017 // San Francisco, Calif.-based Metromile has named Carrie Dolan chief financial officer.Dolan most recently served as CFO of Lending Club, an online credit marketplace connecting borrowers and investors. Prior to Lending...
Jul 9 2017 // Editor’s Note: This is the second of two articles by Burand based on his most recent 50-page whitepaper, State of the P&C Insurance Industry 2017. The whitepaper is available from Insurance Journal’s...
Jul 5 2017 // Aite Group study finds that on average consumers will pay their auto insurance eight times per year and their property insurance five times a year.The Aite Group report, P&C Insurance: How Consumers Pay Their Bills,...
Jun 29 2017 // Private auto net incurred losses will increase by nearly 7 percent in 2017 to a new record of approximately $154 billion, reflecting elevated volume and costs of claims, according to a new S&P Global market...
Jun 29 2017 // PartnerRe Ltd. announced that Tad Walker, CEO Property & Casualty, and Marvin Pestcoe, chief risk and actuarial officer, will both retire from the company at the end of the first quarter of 2018.PartnerRe is conducting...