All the headlines from our Property Casualty Topic Page, ordered by recency.
Sep 9 2013 // NFP Property & Casualty Services Inc. has acquired Insurance West Corporation, an independent insurance agency in Simi Valley, Calif. specializing in property/casualty for the entertainment industry. The deal closed on...
Sep 9 2013 // Munich Re, the world’s biggest reinsurer, said it expects stable rates for its property and casualty reinsurance at January price negotiations.“Prices will remain largely stable, chiefly due to the still...
Sep 9 2013 // In June of this year, MarshBerry launched its 28th Annual Market & Financial Outlook Survey in conjunction with Insurance Journal.The survey compiled anonymous general independent agency information along with...
Sep 9 2013 // The Massachusetts Division of Insurance says that so far, 207 Boston Marathon bombing-related property/casualty claims have been reported by the top 25 insurers and the residual market insurer Massachusetts FAIR Plan.These...
Sep 4 2013 // Wells Media Group Inc. has launched a new print publication, Carrier Management Magazine, for property/casualty (P/C) insurance executives.This magazine launch follows the spring debut of the website,...
Sep 4 2013 // Munich Re and Swiss Re Ltd. are among reinsurers likely to face further pressure to lower the rates they charge clients as the capital available for backing policies remains near a record high, brokers said.“With the...
Sep 4 2013 // FinSecure — a W.R. Berkley Corp. member company that focuses on insurance for financial institutions — announced that Elizabeth Loft Good has joined the company as vice president and chief underwriting officer...
Sep 3 2013 // The latest edition of the Aon Benfield Aggregate (ABA) report, which analyses the financial results of the world’s leading reinsurers in the first half of 2013, concludes that “a continuing influx of new funds...
Aug 30 2013 // The Massachusetts Division of Insurance says that so far, 207 Boston Marathon bombing-related property/casualty claims have been reported by the top 25 insurers and the residual market insurer Massachusetts FAIR Plan.These...
Aug 30 2013 // Terri Chester joined NFP Property and Casualty (NFP P&C) as commercial lines vice president. Chester will be based out of Scottsdale, Ariz. At NFP P&C, Chester’s responsibilities include strategic planning...
Aug 29 2013 // Insurance broker Lockton’s Charlotte, N.C. office has hired five new associates with property/casualty insurance experience and employee benefits expertise to its insurance brokerage team.Josh Binford is a new...
Aug 27 2013 // Moody’s said it expects U.S. property/casualty (P/C) insurance rates to continue to rise during the remainder of 2013 for the major commercial lines, following significant rate increases for 2012.This increase would...
Aug 26 2013 // People’s Insurance Company (Group) of China Ltd., parent of the nation’s biggest non-life insurer, said profit rose 53 percent in the first half as investment and premiums income expanded.Net income increased...
Aug 21 2013 // The Maryland Insurance Administration issued a bulletin this week summarizing new insurance legislation from the Maryland General Assembly’s 2013 session that have been signed into law by Gov. Martin O’Malley....
Aug 19 2013 // Direct premium written (DPW) for property/casualty insurance companies continued its upward trend during the first quarter of 2013. At year-end 2012, the industry reported more than $523 billion of DPW — an all-time...
Aug 16 2013 // A new survey from insurance recruiting firm The Jacobson Group and consulting firm Ward Group shows the majority of property/casualty insurers are expecting to hire more staff over the next 12 months.The mid-year insurance...
Aug 15 2013 // The Plexus Groupe LLC, based in Deer Park, Ill., has added Debbi Incopero to its property/casualty insurance practice. As an account executive, Incopero will be responsible for maintaining and enhancing relationships with...
Aug 13 2013 // Insurance broker Arthur J. Gallagher & Co. has acquired insurance broker Bollinger Inc., headquartered in Short Hills, New Jersey, for approximately $276.5 million.Bollinger’s business includes retail...
Aug 9 2013 // Liberty Mutual Insurance Group, through its wholly owned subsidiary Liberty Insurance Company Limited (LICL), was granted final approval on June 27th to commence business in Shandong by the China Insurance Regulatory...
Aug 8 2013 // Swiss Re reported net income of $786 million for the second quarter of 2013, despite what the report described as a “period that saw high levels of natural catastrophes.” Net income in Q2, 2012 was $83...