All the headlines from our Property Casualty Topic Page, ordered by recency.
Jun 28 2017 // NFP Corp. has acquired Flagstaff, Ariz.-based International Insurance Group Inc. Nate Watson, chief operating officer of IIG, will join as managing director of NFP’s property/casualty business and report directly to...
Jun 28 2017 // Ed, the London-based reinsurance, wholesale and specialty broker, announced the appointment of James Blacker as managing director of property and casualty. Blacker will take up his role in December and report to Chris...
Jun 27 2017 // The U.S. property/casualty insurance industry saw its net income fall to $7.7 billion in first-quarter 2017 from $13.4 billion in first-quarter 2016, a 42.2 percent decline. Also, its overall profitability as measured by...
Jun 26 2017 // As Congress tries to figure out how to change the federal flood insurance program to encourage more private insurer involvement, one insurer isn’t waiting to wade deeper into the private flood insurance business....
Jun 23 2017 // Property/casualty insurers wrote $1.35 billion in direct written premium for cyber insurance in 2016, a 35 percent jump from 2015, according to reports by Fitch Ratings and A.M. Best.The largest cyber insurance writers are...
Jun 19 2017 // The U.S. property/casualty insurance industry, which has been facing rising claims bills for extreme weather events, mostly reacted with silence to President Donald Trump’s decision to withdraw the country from the...
Jun 19 2017 // Stephens Insurance LLC, an affiliate of Stephens Inc., an independent, full service investment banking firm, has opened a property and casualty brokerage office in Birmingham, Ala.The new team–made up of Tice Young,...
Jun 16 2017 // The House Financial Services Committee on Thursday passed two bills to reform the National Flood Insurance Program (NFIP). One is a broad reform proposal that seeks to encourage more private insurance and move the program...
Jun 15 2017 // Kevin Loppnow has joined Lockton’s Milwaukee office as a property/casualty unit manager.Loppnow is an industry veteran with more than 25 years of experience as a property/casualty strategist. He previously worked for...
Jun 13 2017 // Seeman Holtz Property and Casualty Inc. has acquired Vincent, Urban, Walker & Associates, an independent insurance agency headquartered in Green Bay, Wis.Doug Walker and his partners at Vincent, Urban, Walker &...
Jun 13 2017 // Editor’s Note: This is the first 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...
Jun 12 2017 // Don’t miss out on your chance to become one of Insurance Journal’s Top 100 Independent Property/Casualty Agencies.Extended Deadline Now: June 19 Insurance Journal will publish its annual list of the Top 100...
Jun 9 2017 // Kansas City-based insurance broker, Lockton, has namedJeff Henningsenas president of its Houston Property & Casualty Insurance Operation.Henningsen will take on an expanded leadership role in business development for...
Jun 8 2017 // 1347 Property Insurance Holdings, Inc., a property and casualty insurance holding company based in Tampa, Fla., has appointed Dan Case to the position of chief operating officer.Case will be responsible for strategies and...
Jun 7 2017 // Ratings agency Standard & Poor’s has revised its rating outlook to negative from stable for American International Group (AIG).The move came despite AIG recently hiring a new CEO, Brian Duperreault. At the same...
Jun 6 2017 // The U.S. property/casualty insurance industry, which has been facing rising claims bills for extreme weather events, mostly reacted with silence to President Donald Trump’s decision to withdraw the country from the...
Jun 6 2017 // Heritage Insurance Holdings, Inc., a property and casualty insurance holding company, announced that its insurance subsidiaries, Heritage Property & Casualty Insurance Co. and Zephyr Insurance Co., have completed the...
Jun 5 2017 // Private U.S. property/casualty insurers lost big in 2016, reporting a $4.7 billion net underwriting loss driven, in part, by higher catastrophe-related property losses, according to ISO and the Property Casualty Insurers...
Jun 2 2017 // Sompo International, a Bermuda-based specialty provider of property and casualty re/insurance, announced its London market insurance platform has agreed to acquire Novae Syndicates Ltd.’s financial...
Jun 2 2017 // The 2017 U.S. hurricane season may be here, but property/casualty insurers should be able to handle the challenges it brings, Fitch Ratings said in a new report.“Fitch currently has a negative sector outlook on the...