All the headlines from our Property Casualty Topic Page, ordered by recency.
Mar 29 2013 // Four auto insurers have settled allegations that they overcharged Massachusetts consumers relating to auto insurance surcharges that were overturned by the state’s Board of Appeal, or otherwise removed from state...
Mar 28 2013 // Germany’s Allianz announced that it has reached an agreement with Turkey’s Yapı Kredi for a 15-year exclusive distribution agreement and for Allianz to acquire Yapı Kredi Sigorta, the property and casualty...
Mar 28 2013 // The key changes in federal health care reform remain months away but property/casualty actuaries are already trying to determine what impact they will have on their own lines of business, particularly workers’...
Mar 28 2013 // Amounting to just $4.7 billion in aggregate deal value, the 46 merger and acquisition transactions announced in the property/casualty insurance sector in 2012 were near record low levels, according to the latest annual...
Mar 26 2013 // Gen Re announced the appointment of Andrew Flitcroft as Marketing Manager for the Property/Casualty Treaty business in Australia and New Zealand, effective April 1, 2013. He is a Fellow of ANZIIF, and has been Gen...
Mar 25 2013 // “Online aggregators have revolutionized the distribution of personal lines insurance in the UK,” concludes a study from Finaccord, a market research, publishing and consulting company specializing in financial...
Mar 25 2013 // Insurers rank well in readiness for handling the short-term challenges of extreme weather events, but fall short in preparedness for the long-term effects of climate change, a new report says.A report that surveyed...
Mar 25 2013 // Financial information firm SNL Financial’s preliminary analysis of more than 2,600 individual P/C filer’s 2012 statutory data illustrates how big of an impact Superstorm Sandy had on the filers’...
Mar 20 2013 // “Asia-Pacific will be the dominant driver of world insurance growth by 2020,” according to a study published by Munich Re’s Economic Research Department. The report forecasts that premium income for the...
Mar 18 2013 // The Leavitt Group’s Los Angeles office named Amy Evans, James Kelly and Terri Peckinpauch to posts in the agency.Evans is a vice president in the employee benefits division with a focus on middle market clients in...
Mar 18 2013 // Property/casualty insurers’ operating profits improved in 2012, driven by reduced incurred losses from natural catastrophes and core loss ratio improvements from recent underwriting and pricing actions.Fitch...
Mar 18 2013 // “Property/casualty insurers’ operating profits improved in 2012, driven by reduced incurred losses from natural catastrophes and core loss ratio improvements from recent underwriting and pricing actions,”...
Mar 15 2013 // The Hanover Insurance Group has joined forces with OMS National Insurance Co., RRG (OMSNIC) to offer a program of property/casualty insurance products to OMSNIC’s insured oral and maxillofacial surgeons (OMS).The...
Mar 14 2013 // Financial information firm SNL Financial’s preliminary analysis of more than 2,600 individual property/casualty filer’s statutory data illustrates how big of an impact Superstorm Sandy had on the filers’...
Mar 13 2013 // Moody’s Investor’s Service reported that the property/casualty insurance industry’s capital growth outpaced premium growth last year, and that earnings for the year jumped nearly 50 percent over...
Mar 12 2013 // Brendan Falvey was named director of the public entity product line for the Markel Corp.’s West Region.Falvey is responsible for managing existing West Coast public entity client and broker relationships and...
Mar 11 2013 // After experiencing dwindling premiums for years, the property/casualty insurance industry managed to grow substantially in 2011. Independent agents and brokers hung onto their share of the market with some independent...
Mar 11 2013 // Top 40 Insurers/Homeowners Based on 2011 Texas Written Premium Rank Company $ Written Premium % of Market 1 State Farm Lloyds $1,678,075,665 28.09% 2 Allstate Texas Lloyd’s 462,398,477 7.74% 3 Texas Farmers Ins....
Mar 7 2013 // A report out Thursday that details responses to a climate change survey from insurers doing business in California, Washington and New York shows many insurers are prepared to deal with today’s extreme weather...
Mar 7 2013 // France’s SCOR Group reported a solid performance for 2012, which it said “continues to combine growth, profitability and solvency.”Highlights for the year were listed as follows: •Gross written premiums...