P&C Companies News

Insurers’ Financial Strength, Brokers’ Expertise Drive Satisfaction in Large Commercial Market: J.D. Power

The profitability of an insurance company and the quality of advice given by an insurance broker makes the most difference when it comes to customer satisfaction for commercial insurance, a new industry study revealed. According to the J.D. Power 2016 …

Insurance Associations AAMGA, NAPSLO Move Forward with Merger Talks

A possible merger of the nation’s two major excess and surplus lines organizations is on track. The American Association of Managing General Agents (AAMGA) and the National Association of Professional Surplus Lines Offices (NAPSLO) said they are moving forward with …

How Independent Agents Are Feeling About Growth, Technology and Disruption

Property/casualty independent insurance agents are more optimistic this year than they were in 2015. Nearly half (49 percent) of agencies responding to an industry survey say they are “very optimistic” about the future success of their agency compared to just …

Former Vermont Regulator Donegan Joins NCCI as Chief Regulatory Services Officer

Susan Donegan has been named as the new chief regulatory services officer for the NCCI. Donegan assumed the position on Sept. 19, and succeeds Helen Westervelt, who announced her retirement in January of this year. Westervelt remained at NCCI through …

Workers’ Comp Benefits for Injured Workers Reach Historic Lows: Report

Workers’ compensation benefits as a share of payroll have reached historically low levels, according to a new study released this week. Despite growth in employment during the economic recovery — and the corresponding uptick in employees covered by workers’ compensation …

P/C Insurers Report $1.5B Net Underwriting Loss in First Half of 2016

Private U.S. property/casualty insurers reported a $1.5 billion net underwriting loss in the first half of 2016— the first year-to-date net underwriting loss in more than three years— and saw their net income after taxes drop to $21.7 billion in …

Viewpoint: How Trade Agreements Could Help P/C Insurers in Global Market

The insurance industry and its consumers need to be concerned about the recent rise of protectionist policies in markets around the globe. Our industry has played an important role in building a more open, interconnected global economy resulting in measurable …

Insurance Journal Co-Sponsors MarshBerry Market & Financial Survey: Participate Now

How are firms attracting and keeping new talent?  How are organizations using data to provide their clients with insights into their business? Will historical growth rates be sustainable?  What functions with an agency are becoming increasingly specialized?  These are some …

Uptick in Lawyers’ Liability Claims; Business Transactions Top Claim: Study

Law firms have seen an increase in the frequency of malpractice claims, which are becoming more costly to defend and could cause lasting reputational damage, according to a new study by insurance broker Ames & Gough. The study found that …

Autopilot Warning May Not Help Tesla in Crash Defense

Telling Tesla drivers its Autopilot feature doesn’t mean their cars can drive themselves may not be enough to keep Elon Musk off the hot seat if the technology comes up short. This month, two Teslas equipped with Autopilot veered into …