P&C Companies News

IMCA Presents ‘Innovation Torchbearer Award’ to Insurance Information Institute

  The Insurance Information Institute (I.I.I.) has been awarded the 2015 Innovation Torchbearer Award at the Insurance Marketing & Communications Association’s (IMCA) 2015 Annual Conference  in Nashville, Tenn. The I.I.I. is a non-profit communications organization supported by the insurance industry. …

Alibaba-Backed Insurer Raises $934M From Investors Including Morgan Stanley

Zhong An Online Property & Casualty Insurance Co., a Chinese online insurer part owned by Alibaba Group Holding Ltd., said it raised 5.8 billion yuan ($934 million) from investors including Morgan Stanley. The Shanghai-based company now has a market value of 49.6 …

What Agents Want for Future Growth: Channel Harvest Survey

Most independent insurance agents are interested in adding new carriers to those they place business with – but very few independent agents are interested in adding new products to the selection of products and services that they offer customers. This …

Could New Insurance Players Disrupt the Market?

Those with long careers in the insurance industry have seen newer entrants founder on the shoals of our business. Many well-intentioned outsiders don’t understand the innate complexities of the insurance ecosystem – complexities such as the long tail of liability …

Premiums, Claims Severity on Rise in Architects & Engineers Market: Survey

For the third consecutive year, most insurers providing professional liability insurance for architects and engineers saw their premium rates increase modestly in 2014, as expectations of larger rate hikes were tempered by steady competition. A new survey by insurance broker …

Insurance Journal, Channel Harvest Launch Survey on Agent-Carrier Relationships

Channel Harvest Research, in partnership with Insurance Journal, is conducting its 2015 national survey of agents’ attitudes about their carrier partners. This is the seventh annual study on key aspects of the property/casualty independent agent-carrier relationship. Agents and brokers have …

Most Popular Insurance Journal South Central Stories of 2014

Fraud, higher homeowners rates, fracking, and electronic traffic tickets are topics that drove readers to the following stories on InsuranceJournal.com in 2014. The following 10 stories led as the most popular picks by readers in the South Central region. Workers’ …

Top 10 Casualty Insurance Trends for 2015: Marsh

While casualty insurance rates remain stable overall and new capacity continues to enter the market, certain classes of business continue to be difficult to place, according to Marsh’s U.S. Casualty Practice. The following report outlines 10 key trends that Marsh …

XL Group Offers Artworks Coverage in UK for Art Exhibitions

XL Group has launched Key Artworks insurance coverage in the U.K. to cover cancelled or abandoned fine art exhibitions and their financial losses in cases where a star attraction art piece is damaged, stolen or otherwise unfit to be publicly …

Chubb Survey: Attic Storage Can Cause Homeowner Grief, Hazards

Homeowners who don’t pay attention to what’s going on in their attics can face costly damage that can spread throughout their entire home, warns a new survey sponsored by the Chubb Group of Insurance Companies. According to the survey of …