All the headlines from our Property Casualty Topic Page, ordered by recency.
Jul 7 2014 // As waves of capital reshape reinsurer’s business model, the property/casualty (P/C) insurance industry needs to change, although how remains a matter of debate.Reinsurers face a growing threat from the capital...
Jul 7 2014 // In November, California voters will decide whether to implement state government price controls on health insurance.Insurance agents and brokers are certain to be asked by their clients whether this ballot measure merits...
Jul 6 2014 // Private U.S. property/casualty insurers’ net income after taxes fell to $13.8 billion in first-quarter 2014 from $14.3 billion in first-quarter 2013.Insurers’ pretax operating income – the sum of net...
Jul 3 2014 // Progressive Corp. boosted its advertising spending by nearly $70 million year over year to $595.4 million in 2013, the largest aggregate dollar increase among all U.S. property/casualty insurers, according to an analysis...
Jun 25 2014 // Don’t miss out on your chance to become one of Insurance Journal’s Top 100 Independent Property/Casualty Agencies.PLUS, now there’s an opportunity to be considered as Tomorrow’s Top 100 – these...
Jun 25 2014 // Managing general agency and surplus lines broker J.M. Wilson, based in Portage, Mich., promoted Roxanne Barry, to director of property and casualty underwriting. Roxanne Barry In addition to her role as property and...
Jun 19 2014 // The Insurance Council of Texas (ICT) will host its 22nd Annual Mid-Year Property & Casualty Symposium in Austin on July 17. Speakers include industry leaders from the Insurance Information Institute (III), the...
Jun 18 2014 // Kansas City, Mo.-based Lockton named Joe Agnello president of the insurance broker’s Kansas City property/casualty insurance operation.Agnello, a 20-year Lockton veteran, succeeds Ron Lockton who will devote more...
Jun 18 2014 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of General Reinsurance Corporation, headquartered in Stamford, Connecticut,...
Jun 17 2014 // Property/casualty insurers are welcoming the unveiling of a House terrorism insurance bill as a sign of progress even though there are provisions in it they oppose.Introduced by Rep. Randy Neugebauer, R-Texas, chairman of...
Jun 17 2014 // As waves of capital reshape reinsurer’s business model, the property/casualty insurance industry needs to change although exactly how remains a matter of debate.Reinsurers face a growing threat from the capital...
Jun 16 2014 // Three property/casualty insurance industry women executives discuss the value of diversity in the industry, progress they see being made in increasing diversity at their own companies and across the industry, and what...
Jun 16 2014 // Find out by submitting your entry for the 2014 Insurance Journal Top Property/Casualty Agencies Listing.There are four ways to qualify: 1. Top 100 Independent P/C Agencies 2. Top Commercial Lines Independent Agencies 3....
Jun 12 2014 // Early forecasts for the 2014 hurricane season indicate that moderate El Nino conditions are likely to persist throughout the year, which could inhibit tropical storm formation in the North Atlantic basin. This could also...
Jun 11 2014 // If Congress acts to extend the federal government backstop for terrorism insurance, the new version will likely impose higher deductibles and risk retentions on U.S. property/casualty insurers, says Moody’s Investors...
Jun 11 2014 // American International Group Inc. promoted Peter Hancock to chief executive officer as the company focuses on growth after his predecessor stabilized the insurer and paid back a 2008 government bailout.Hancock, 55,...
Jun 10 2014 // American International Group (AIG) has named Peter D. Hancock as president and chief executive officer, effective September 1.Hancock, who currently serves as executive vice president, AIG, and chief executive officer of...
Jun 10 2014 // Learning how to manage increasingly complex and evolving risks is essential if property/casualty insurers are to serve the needs of their customers in a changing world.According to analysts and industry executives at...
Jun 9 2014 // Hartford Financial Services Group Inc. promoted Christopher Swift to chief executive officer, replacing Liam McGee, who is stepping down after a medical procedure.Swift, 53, the chief financial officer who joined from...
Jun 2 2014 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the property/casualty subsidiaries of AmTrust Financial Services, Inc. (AFSI),...