All the headlines from our Property Casualty Topic Page, ordered by recency.
Dec 22 2015 // U.S. property/casualty insurers have increased their charitable giving by an average of 15 percent since 2011, to an industry total of $575 million, outpacing inflation and moving closer to what many industry leaders...
Dec 21 2015 // Maryland Insurance Commissioner Al Redmer, Jr. and Secretary of Agriculture Joe Bartenfelder will hold a joint meeting to promote awareness of insurance products available to the state’s agricultural community.The...
Dec 21 2015 // Standard & Poor’s Ratings Services has affirmed its ‘AA-‘ insurer financial strength rating and ‘AA-/A-1+’ long- and short-term counterparty credit ratings on Swiss-based global multiline...
Dec 21 2015 // When many people in the insurance industry think of City of Hope, they probably associate it with the well-publicized National Insurance Industry Council’s Spirit of Life Award gala each year that has raised millions...
Dec 21 2015 // Charity begins at home… and in the office.The year 2015 was a record-setting one for charitable giving and volunteering by property/casualty insurance professionals in offices across the insurance industry. Leading...
Dec 21 2015 // U.S. commercial insurance market segments, including directors and officers (D&O) liability insurance, are continuing to soften and are likely to stay on this path for the near-term even as several large competitors...
Dec 18 2015 // Property/casualty insurers continued to take down loss reserves for prior years in 2014, which marked the ninth straight calendar year of favorable development for the industry in aggregate, according to a new report from...
Dec 16 2015 // Universal Insurance Holdings Inc. in Fort Lauderdale, Florida, announced that its wholly-owned subsidiary Universal Property & Casualty Insurance Company (UPCIC) received a certificate of authority from the New...
Dec 15 2015 // Economical Insurance’s mutual policyholders voted on Monday to allow the Canadian property and casualty insurance firm to demutualize.Demutualization is a regulated process in which a mutual insurance company...
Dec 14 2015 // American International Group Inc., the insurer being pressured by activist investor Carl Icahn to boost returns, said last week that Chief Financial Officer David Herzog is among top managers leaving the company as Chief...
Dec 8 2015 // The U.S. property/casualty insurance industry is about to be tested directly by the sharing economy.Two tech entrepreneurs have raised $13 million in initial funding to launch a peer-to-peer online property/casualty...
Dec 8 2015 // U.S. commercial insurance market segments, including directors and officers (D&O) liability insurance, are continuing to soften and are likely to stay on this path for the near-term even as several large competitors...
Dec 7 2015 // U.S. property/casualty insurers should expect disruptive changes in a number of areas in 2016, including technology, pricing, customer demand, and “heightened regulatory creep,” consultant Ernst & Young...
Dec 7 2015 // American International Group is seeking to raise about $750 million by selling part of its stake in China’s state-run PICC Property and Casualty Co. Ltd., according to a term sheet of the deal seen by IFR on...
Dec 7 2015 // The property/casualty insurance industry must change its approach to cyber security and update its coverage approach to help minimize risks, according to a network security expert.“I don’t think we can easily...
Dec 7 2015 // The Demotech Company Classification System categorizes insurers into one of 11 categories based on an analysis of data reported by companies to the National Association of Insurance Commissioners (NAIC). The 11 categories...
Dec 7 2015 // Eight years after the introduction of managed competition for private passenger auto insurance and the influx of direct writers and direct response companies into Massachusetts, a new study commissioned by the...
Dec 4 2015 // The Talanx Group, headquartered in Hannover, Germany, is strengthening its bancassurance business in Italy by acquiring the insurance companies belonging to the Italian banking group Gruppo Banca Sella.Via its Italian...
Dec 3 2015 // ACE Ltd. has appointed the commercial property & casualty leadership team for the company’s Overseas General Insurance division. The leadership appointments will take effect upon completion of the acquisition of...
Dec 3 2015 // XL Group Plc agreed to sell about 290,000 life insurance policies at a loss to Reinsurance Group of America Inc. as Chief Executive Officer Mike McGavick narrows his company’s focus to property & casualty...